Nanjing Public Utilities Development Co.,Ltd. Posted 14.2 Million Yuan Net Loss in First Half of 2022

Nanjing Public Utilities Development Co.,Ltd. (南京公用发展股份有限公司) (000421.SZ) reported a net loss of 14.2 million yuan in the first half of 2022, reversing a net profit of 55.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.6 billion yuan in revenue, up 46% year-on-year.

At the end of the reporting period, it had 15.5 billion yuan in total assets and 11.5 billion yuan in total liabilities, with a liability-to-asset ratio of 74.4%.