Fujian Sanmu Group Co.,Ltd. Posted 12.9 Million Yuan Net Loss in First Half of 2022

Fujian Sanmu Group Co.,Ltd. (福建三木集团股份有限公司) (000632.SZ) reported a net loss of 12.9 million yuan in the first half of 2022, reversing a net profit of 19.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 4.4 billion yuan in revenue, up 17.2% year-on-year.

At the end of the reporting period, it had 11.2 billion yuan in total assets and 9.3 billion yuan in total liabilities, with a liability-to-asset ratio of 82.9%.