Jiangsu High Hope International Corporation Posted 498.6 Million Yuan Net Loss in First Half of 2022

Jiangsu High Hope International Corporation (江苏汇鸿国际集团股份有限公司) (600981.SH) reported a net loss of 498.6 million yuan in the first half of 2022, reversing a net profit of 165.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 21 billion yuan in revenue, down 19% year-on-year.

At the end of the reporting period, it had 27.9 billion yuan in total assets and 21.6 billion yuan in total liabilities, with a liability-to-asset ratio of 77.3%.