Nanjing Public Utilities Development Co.,Ltd. Posted 28.3 Million Yuan Net Loss in First Three Quarters of 2022

Nanjing Public Utilities Development Co.,Ltd. (南京公用发展股份有限公司) (000421.SZ) reported a net loss of 28.3 million yuan in the first three quarters of 2022, reversing a net profit of 43.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.4 billion yuan in revenue, up 45.4% year-on-year.

At the end of the reporting period, it had 15.2 billion yuan in total assets and 11.4 billion yuan in total liabilities, with a liability-to-asset ratio of 74.7%.