Fujian Ideal Jewellery Industrial Co.,Ltd. Posted 88.5 Million Yuan Net Loss in First Half of 2022

Fujian Ideal Jewellery Industrial Co.,Ltd. (福建省爱迪尔珠宝实业股份有限公司) (002740.SZ) reported a net loss of 88.5 million yuan in the first half of 2022, reversing a net profit of 3.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 160.8 million yuan in revenue, down 63.3% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 97.9%.