Hongbaoli Group Corporation,Ltd. Posted 3.2 Million Yuan Net Loss in First Three Quarters of 2022

Hongbaoli Group Corporation,Ltd. (红宝丽集团股份有限公司) (002165.SZ) reported a net loss of 3.2 million yuan in the first three quarters of 2022, reversing a net profit of 42.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 27.3% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 3.5 billion yuan in total liabilities, with a liability-to-asset ratio of 62.1%.