Hainan Ruize New Building Meterial Co.,Ltd. Posted 20.3 Million Yuan Net Profit in First Three Quarters of 2022

Hainan Ruize New Building Meterial Co.,Ltd. (海南瑞泽新型建材股份有限公司) (002596.SZ) reported a net profit of 20.3 million yuan in the first three quarters of 2022, reversing a net loss of 82.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 26.5% year-on-year.

At the end of the reporting period, it had 5.1 billion yuan in total assets and 3 billion yuan in total liabilities, with a liability-to-asset ratio of 59.5%.