Shandong Meichen Ecology&Environment Co.,Ltd. Posted 268 Million Yuan Net Loss in First Half of 2022

Shandong Meichen Ecology&Environment Co.,Ltd. (山东美晨生态环境股份有限公司) (300237.SZ) reported a net loss of 268 million yuan in the first half of 2022, widening 375.2% year-on-year.

Meanwhile, the company posted 724.1 million yuan in revenue, down 37.6% year-on-year.

At the end of the reporting period, it had 10 billion yuan in total assets and 7.8 billion yuan in total liabilities, with a liability-to-asset ratio of 78.1%.