Chahua Modern Housewares Co.,Ltd. Posted 9.5 Million Yuan Net Loss in First Three Quarters of 2022

Chahua Modern Housewares Co.,Ltd. (茶花现代家居用品股份有限公司) (603615.SH) reported a net loss of 9.5 million yuan in the first three quarters of 2022, reversing a net profit of 666,340 yuan for the same period in the previous year.

Meanwhile, the company posted 497.6 million yuan in revenue, down 17% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 154.4 million yuan in total liabilities, with a liability-to-asset ratio of 11.3%.