Phenix Optics Company Limited Posted 38.7 Million Yuan Net Loss in First Three Quarters of 2023

Phenix Optics Company Limited (凤凰光学股份有限公司) (600071.SH) reported a net loss of 38.7 million yuan in the first three quarters of 2023, widening 173.1% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 2.5% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 71%.