Nanning Sugar Industry Co.,Ltd. Posted 84.2 Million Yuan Net Loss in First Half of 2022

Nanning Sugar Industry Co.,Ltd. (南宁糖业股份有限公司) (000911.SZ) reported a net loss of 84.2 million yuan in the first half of 2022, reversing a net profit of 4.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 8% year-on-year.

At the end of the reporting period, it had 7 billion yuan in total assets and 6.5 billion yuan in total liabilities, with a liability-to-asset ratio of 91.9%.