Liuzhou Liangmianzhen Co.,Ltd. Posted 43.4 Million Yuan Net Loss in First Three Quarters of 2022

Liuzhou Liangmianzhen Co.,Ltd. (柳州两面针股份有限公司) (600249.SH) reported a net loss of 43.4 million yuan in the first three quarters of 2022, reversing a net profit of 2.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 475.7 million yuan in revenue, down 3% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 371.4 million yuan in total liabilities, with a liability-to-asset ratio of 15.1%.