China Enterprise Company Limited Posted 449.8 Million Yuan Net Loss in First Three Quarters of 2022

China Enterprise Company Limited (中华企业股份有限公司) (600675.SH) reported a net loss of 449.8 million yuan in the first three quarters of 2022, reversing a net profit of 1.5 billion yuan for the same period in the previous year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 76.7% year-on-year.

At the end of the reporting period, it had 57.8 billion yuan in total assets and 41.6 billion yuan in total liabilities, with a liability-to-asset ratio of 71.9%.