Shanghai Safbon Water Service(Holding) Inc. Posted 84.9 Million Yuan Net Loss in First Three Quarters of 2021

Shanghai Safbon Water Service(Holding) Inc. (上海巴安水务股份有限公司) (300262.SZ) reported a net loss of 84.9 million yuan in the first three quarters of 2021, reversing a net profit of 1.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 323.4 million yuan in revenue, down 34.5% year-on-year.

At the end of the reporting period, it had 5.2 billion yuan in total assets and 3.4 billion yuan in total liabilities, with a liability-to-asset ratio of 66.2%.

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

Download our app to receive breaking news alerts and read the news on the go.

Follow the Chinese markets in real time with Caixin Global’s new stock database.