Linzhou Heavy Machinery Group.,Ltd. Posted 144.1 Million Yuan Net Loss in First Three Quarters of 2021

Linzhou Heavy Machinery Group.,Ltd. (林州重机集团股份有限公司) (002535.SZ) reported a net loss of 144.1 million yuan in the first three quarters of 2021, reversing a net profit of 11.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 346 million yuan in revenue, down 41.8% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 3.5 billion yuan in total liabilities, with a liability-to-asset ratio of 83.7%.

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

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