Tecon Biology Co.,Ltd. Posted 588.8 Million Yuan Net Loss in First Three Quarters of 2023

Tecon Biology Co.,Ltd. (天康生物股份有限公司) (002100.SZ) reported a net loss of 588.8 million yuan in the first three quarters of 2023, reversing a net profit of 192.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 14.7 billion yuan in revenue, up 14.1% year-on-year.

At the end of the reporting period, it had 16.6 billion yuan in total assets and 7.8 billion yuan in total liabilities, with a liability-to-asset ratio of 47.1%.