Nanning Sugar Industry Co.,Ltd. Posted 301.4 Million Yuan Net Loss in First Three Quarters of 2022

Nanning Sugar Industry Co.,Ltd. (南宁糖业股份有限公司) (000911.SZ) reported a net loss of 301.4 million yuan in the first three quarters of 2022, reversing a net profit of 12.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 11.9% year-on-year.

At the end of the reporting period, it had 6.5 billion yuan in total assets and 6.2 billion yuan in total liabilities, with a liability-to-asset ratio of 94.6%.