Shenyang Machine Tool Co.,Ltd. Posted 72.4 Million Yuan Net Loss in First Three Quarters of 2023

Shenyang Machine Tool Co.,Ltd. (沈阳机床股份有限公司) (000410.SZ) reported a net loss of 72.4 million yuan in the first three quarters of 2023, reversing a net profit of 2.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 12.2% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 74.8%.