Strait Innovation Internet Co.,Ltd. Posted 118.3 Million Yuan Net Loss in First Three Quarters of 2023

Strait Innovation Internet Co.,Ltd. (海峡创新互联网股份有限公司) (300300.SZ) reported a net loss of 118.3 million yuan in the first three quarters of 2023, widening 53.9% year-on-year.

Meanwhile, the company posted 81.5 million yuan in revenue, down 31.5% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 74.8%.