China Shipbuilding Industry Company Limited Posted 1.3 Billion Yuan Net Loss in First Three Quarters of 2022

China Shipbuilding Industry Company Limited (中国船舶重工股份有限公司) (601989.SH) reported a net loss of 1.3 billion yuan in the first three quarters of 2022, reversing a net profit of 19.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 26 billion yuan in revenue, up 4.5% year-on-year.

At the end of the reporting period, it had 190.4 billion yuan in total assets and 105.4 billion yuan in total liabilities, with a liability-to-asset ratio of 55.4%.