Guangdong Songyang Recycle Resources Co.,Ltd. Posted 124.3 Million Yuan Net Loss in First Three Quarters of 2022

Guangdong Songyang Recycle Resources Co.,Ltd. (广东松炀再生资源股份有限公司) (603863.SH) reported a net loss of 124.3 million yuan in the first three quarters of 2022, reversing a net profit of 14.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 711.4 million yuan in revenue, up 78.6% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 742.9 million yuan in total liabilities, with a liability-to-asset ratio of 42%.