Suzhou Chunqiu Electronic Technology Co.,Ltd. Posted 9.4 Million Yuan Net Loss in First Three Quarters of 2023

Suzhou Chunqiu Electronic Technology Co.,Ltd. (苏州春秋电子科技股份有限公司) (603890.SH) reported a net loss of 9.4 million yuan in the first three quarters of 2023, reversing a net profit of 188.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.3 billion yuan in revenue, down 23.3% year-on-year.

At the end of the reporting period, it had 5.7 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 50%.