Fujian Superpipe Co.,Ltd. Posted 41.1 Million Yuan Net Loss in First Half of 2022

Fujian Superpipe Co.,Ltd. (福建纳川管材科技股份有限公司) (300198.SZ) reported a net loss of 41.1 million yuan in the first half of 2022, reversing a net profit of 4.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 217.5 million yuan in revenue, down 13.8% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 60.6%.