Hainan Ruize New Building Meterial Co.,Ltd. Posted 111 Million Yuan Net Loss in First Half of 2022

Hainan Ruize New Building Meterial Co.,Ltd. (海南瑞泽新型建材股份有限公司) (002596.SZ) reported a net loss of 111 million yuan in the first half of 2022, widening 284.5% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 22.7% year-on-year.

At the end of the reporting period, it had 5.4 billion yuan in total assets and 3.5 billion yuan in total liabilities, with a liability-to-asset ratio of 64.2%.