Zhongfu Straits(Pingtan) Development Company Limited Posted 419,011 Yuan Net Loss in First Half of 2022

Zhongfu Straits(Pingtan) Development Company Limited (中福海峡(平潭)发展股份有限公司) (000592.SZ) reported a net loss of 419,011 yuan in the first half of 2022, reversing a net profit of 38.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 581.9 million yuan in revenue, down 14.6% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 39.8%.