Gansu Ronghua Industry Group Co.,Ltd. Posted 146.5 Million Yuan Net Loss in First Three Quarters of 2022

Gansu Ronghua Industry Group Co.,Ltd. (甘肃荣华实业(集团)股份有限公司) (600311.SH) reported a net loss of 146.5 million yuan in the first three quarters of 2022, widening 47.2% year-on-year.

Meanwhile, the company posted 503.8 million yuan in revenue, down 31.7% year-on-year.

At the end of the reporting period, it had 815 million yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 122.3%.