Zhuzhou Tianqiao Crane Co.,Ltd. Posted 12.3 Million Yuan Net Loss in First Three Quarters of 2023

Zhuzhou Tianqiao Crane Co.,Ltd. (株洲天桥起重机股份有限公司) (002523.SZ) reported a net loss of 12.3 million yuan in the first three quarters of 2023, reversing a net profit of 33.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 949 million yuan in revenue, down 7.5% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 43.9%.