Shanghai Hongda New Material Co.,Ltd. Posted 24.2 Million Yuan Net Loss in First Three Quarters of 2022

Shanghai Hongda New Material Co.,Ltd. (上海宏达新材料股份有限公司) (002211.SZ) reported a net loss of 24.2 million yuan in the first three quarters of 2022, narrowing 88.2% year-on-year.

Meanwhile, the company posted 285.2 million yuan in revenue, down 29.8% year-on-year.

At the end of the reporting period, it had 361.7 million yuan in total assets and 332.9 million yuan in total liabilities, with a liability-to-asset ratio of 92%.