Hangzhou Gaoxin Rubber&Plastic Materials Co.,Ltd. Posted 8.2 Million Yuan Net Loss in First Three Quarters of 2022

Hangzhou Gaoxin Rubber&Plastic Materials Co.,Ltd. (杭州高新橡塑材料股份有限公司) (300478.SZ) reported a net loss of 8.2 million yuan in the first three quarters of 2022, reversing a net profit of 17.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 268.8 million yuan in revenue, down 2.5% year-on-year.

At the end of the reporting period, it had 382.7 million yuan in total assets and 307.9 million yuan in total liabilities, with a liability-to-asset ratio of 80.5%.