Suzhou Thvow Technology Co.,Ltd. Posted 622.7 Million Yuan Net Loss in First Three Quarters of 2023

Suzhou Thvow Technology Co.,Ltd. (苏州天沃科技股份有限公司) (002564.SZ) reported a net loss of 622.7 million yuan in the first three quarters of 2023, widening 179% year-on-year.

Meanwhile, the company posted 2.9 billion yuan in revenue, up 1.1% year-on-year.

At the end of the reporting period, it had 22.2 billion yuan in total assets and 25 billion yuan in total liabilities, with a liability-to-asset ratio of 112.6%.