Gansu Ronghua Industry Group Co.,Ltd. Posted 95.7 Million Yuan Net Loss in First Half of 2022

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 95.7 million yuan in the first half of 2022, widening 38.5% year-on-year.

Meanwhile, the company posted 441.6 million yuan in revenue, down 0.4% year-on-year.

At the end of the reporting period, it had 864.8 million yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 115.1%.