Shenzhen Australis Electronic Technology Co.,Ltd. Posted 101.2 Million Yuan Net Loss in First Three Quarters of 2023

Shenzhen Australis Electronic Technology Co.,Ltd. (深圳市南极光电子科技股份有限公司) (300940.SZ) reported a net loss of 101.2 million yuan in the first three quarters of 2023, widening 466.1% year-on-year.

Meanwhile, the company posted 382.1 million yuan in revenue, down 31.9% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 486.2 million yuan in total liabilities, with a liability-to-asset ratio of 40%.