Beijing Hanjian Heshan Pipeline Co.,Ltd. Posted 87.7 Million Yuan Net Loss in First Three Quarters of 2022

Beijing Hanjian Heshan Pipeline Co.,Ltd. (北京韩建河山管业股份有限公司) (603616.SH) reported a net loss of 87.7 million yuan in the first three quarters of 2022, reversing a net profit of 42.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 291 million yuan in revenue, down 64% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 56.4%.