Guangzhou Baiyun Electric Equipment Co.,Ltd. Posted 21.9 Million Yuan Net Loss in First Three Quarters of 2022

Guangzhou Baiyun Electric Equipment Co.,Ltd. (广州白云电器设备股份有限公司) (603861.SH) reported a net loss of 21.9 million yuan in the first three quarters of 2022, reversing a net profit of 7.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.1 billion yuan in revenue, up 1.5% year-on-year.

At the end of the reporting period, it had 8.3 billion yuan in total assets and 5.3 billion yuan in total liabilities, with a liability-to-asset ratio of 64.2%.