Shenzhen Clou Electronics Co.,Ltd. Posted 78 Million Yuan Net Loss in First Three Quarters of 2023

Shenzhen Clou Electronics Co.,Ltd. (深圳市科陆电子科技股份有限公司) (002121.SZ) reported a net loss of 78 million yuan in the first three quarters of 2023, narrowing 37.4% year-on-year.

Meanwhile, the company posted 3.3 billion yuan in revenue, up 59.7% year-on-year.

At the end of the reporting period, it had 8.6 billion yuan in total assets and 7.2 billion yuan in total liabilities, with a liability-to-asset ratio of 83.4%.