Xinjiang Guannong Co.,Ltd. Posted 72.6 Million Yuan Net Loss in First Three Quarters of 2022

Xinjiang Guannong Co.,Ltd. (新疆冠农股份有限公司) (600251.SH) reported a net loss of 72.6 million yuan in the first three quarters of 2022, reversing a net profit of 273.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 49.1% year-on-year.

At the end of the reporting period, it had 5.3 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 43.1%.