Xinjiang Guannong Co.,Ltd. Posted 21.9 Million Yuan Net Loss in First Half of 2022

Xinjiang Guannong Co.,Ltd. (新疆冠农股份有限公司) (600251.SH) reported a net loss of 21.9 million yuan in the first half of 2022, reversing a net profit of 230.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 49.3% year-on-year.

At the end of the reporting period, it had 6.2 billion yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 50.6%.