Guangdong Rongtai Industry Co.,Ltd. Posted 147.4 Million Yuan Net Loss in First Three Quarters of 2022

Guangdong Rongtai Industry Co.,Ltd. (广东榕泰实业股份有限公司) (600589.SH) reported a net loss of 147.4 million yuan in the first three quarters of 2022, widening 354.6% year-on-year.

Meanwhile, the company posted 303.8 million yuan in revenue, down 62% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 103.9%.