Xingyuan Environment Technology Co.,Ltd. Posted 148.9 Million Yuan Net Loss in First Three Quarters of 2022

Xingyuan Environment Technology Co.,Ltd. (兴源环境科技股份有限公司) (300266.SZ) reported a net loss of 148.9 million yuan in the first three quarters of 2022, reversing a net profit of 7.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 946.4 million yuan in revenue, down 47.6% year-on-year.

At the end of the reporting period, it had 11.4 billion yuan in total assets and 9.3 billion yuan in total liabilities, with a liability-to-asset ratio of 82%.