Shenzhen Fountain Corporation Co.,Ltd. Posted 11.5 Million Yuan Net Loss in First Three Quarters of 2023

Shenzhen Fountain Corporation Co.,Ltd. (深圳世纪星源股份有限公司) (000005.SZ) reported a net loss of 11.5 million yuan in the first three quarters of 2023, reversing a net profit of 7.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 127.4 million yuan in revenue, down 26.9% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 49%.