Shanghai Safbon Water Service(Holding) Inc. Posted 171 Million Yuan Net Loss in First Three Quarters of 2022

Shanghai Safbon Water Service(Holding) Inc. (上海巴安水务股份有限公司) (300262.SZ) reported a net loss of 171 million yuan in the first three quarters of 2022, widening 101.4% year-on-year.

Meanwhile, the company posted 200.3 million yuan in revenue, down 38% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 3.4 billion yuan in total liabilities, with a liability-to-asset ratio of 90.5%.