Shandong Hontron Aluminum Industry Holding Company Limited Posted 81.2 Million Yuan Net Loss in First Three Quarters of 2023

Shandong Hontron Aluminum Industry Holding Company Limited (山东宏创铝业控股股份有限公司) (002379.SZ) reported a net loss of 81.2 million yuan in the first three quarters of 2023, reversing a net profit of 37.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 2 billion yuan in revenue, down 29.4% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 933.4 million yuan in total liabilities, with a liability-to-asset ratio of 30.8%.