Suzhou Chunxing Precision Mechanical Co.,Ltd. Posted 44.5 Million Yuan Net Loss in First Three Quarters of 2023

Suzhou Chunxing Precision Mechanical Co.,Ltd. (苏州春兴精工股份有限公司) (002547.SZ) reported a net loss of 44.5 million yuan in the first three quarters of 2023, reversing a net profit of 14.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 0.2% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 4.6 billion yuan in total liabilities, with a liability-to-asset ratio of 90.4%.