Shengyi Electronics Co.,Ltd. Posted 17.6 Million Yuan Net Loss in First Three Quarters of 2023

Shengyi Electronics Co.,Ltd. (生益电子股份有限公司) (688183.SH) reported a net loss of 17.6 million yuan in the first three quarters of 2023, reversing a net profit of 235.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.4 billion yuan in revenue, down 10.6% year-on-year.

At the end of the reporting period, it had 6.5 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 39.4%.