Thinker Agricultural Machinery Co.,Ltd. Posted 38 Million Yuan Net Loss in First Three Quarters of 2023

Thinker Agricultural Machinery Co.,Ltd. (星光农机股份有限公司) (603789.SH) reported a net loss of 38 million yuan in the first three quarters of 2023, narrowing 15.4% year-on-year.

Meanwhile, the company posted 178.4 million yuan in revenue, down 30.1% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 660.8 million yuan in total liabilities, with a liability-to-asset ratio of 57.4%.