New Universal Science And Technology Co.,Ltd. Posted 101.4 Million Yuan Net Loss in First Three Quarters of 2023

New Universal Science And Technology Co.,Ltd. (万向新元科技股份有限公司) (300472.SZ) reported a net loss of 101.4 million yuan in the first three quarters of 2023, reversing a net profit of 29.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 204 million yuan in revenue, down 55.7% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 59%.