Phoenix Shipping(Wuhan) Co.,Ltd. Posted 16.6 Million Yuan Net Loss in First Three Quarters of 2023

Phoenix Shipping(Wuhan) Co.,Ltd. (凤凰航运(武汉)股份有限公司) (000520.SZ) reported a net loss of 16.6 million yuan in the first three quarters of 2023, reversing a net profit of 33.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 741.9 million yuan in revenue, down 0.5% year-on-year.

At the end of the reporting period, it had 745.4 million yuan in total assets and 208.5 million yuan in total liabilities, with a liability-to-asset ratio of 28%.