Tech-Bank Food Co.,Ltd. Posted 1.6 Billion Yuan Net Loss in First Three Quarters of 2023

Tech-Bank Food Co.,Ltd. (天邦食品股份有限公司) (002124.SZ) reported a net loss of 1.6 billion yuan in the first three quarters of 2023, reversing a net profit of 1 billion yuan for the same period in the previous year.

Meanwhile, the company posted 7.3 billion yuan in revenue, up 6.4% year-on-year.

At the end of the reporting period, it had 18.7 billion yuan in total assets and 16.2 billion yuan in total liabilities, with a liability-to-asset ratio of 87%.