Guangdong Rongtai Industry Co.,Ltd. Posted 44.8 Million Yuan Net Loss in First Half of 2022

Guangdong Rongtai Industry Co.,Ltd. (广东榕泰实业股份有限公司) (600589.SH) reported a net loss of 44.8 million yuan in the first half of 2022, reversing a net profit of 4.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 317.8 million yuan in revenue, down 43.4% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 97.7%.