Shenzhen Fluence Technology Plc. Posted 108.1 Million Yuan Net Loss in First Three Quarters of 2023

Shenzhen Fluence Technology Plc. (深圳市超频三科技股份有限公司) (300647.SZ) reported a net loss of 108.1 million yuan in the first three quarters of 2023, reversing a net profit of 42.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 528.1 million yuan in revenue, down 35.7% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 50.8%.