Willing New Energy Co.,Ltd. Posted 73.4 Million Yuan Net Loss in First Three Quarters of 2023

Willing New Energy Co.,Ltd. (威领新能源股份有限公司) (002667.SZ) reported a net loss of 73.4 million yuan in the first three quarters of 2023, reversing a net profit of 143.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 1 billion yuan in revenue, up 71% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 43%.