Xiangyang Automobile Bearing Co.,Ltd. Posted 47.9 Million Yuan Net Loss in First Three Quarters of 2023

Xiangyang Automobile Bearing Co.,Ltd. (襄阳汽车轴承股份有限公司) (000678.SZ) reported a net loss of 47.9 million yuan in the first three quarters of 2023, narrowing 43.9% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 29.1% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 64%.