Gansu Ronghua Industry Group Co.,Ltd. Posted 99.5 Million Yuan Net Loss in First Three Quarters of 2021

Gansu Ronghua Industry Group Co.,Ltd. (甘肃荣华实业(集团)股份有限公司) (600311.SH) reported a net loss of 99.5 million yuan in the first three quarters of 2021, reversing a net profit of 2.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 737.9 million yuan in revenue, up 109.8% year-on-year.

At the end of the reporting period, it had 796.7 million yuan in total assets and 688.1 million yuan in total liabilities, with a liability-to-asset ratio of 86.4%.

This article was automatically produced by Caixin Automation on Nov. 3, 2021.

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