Jiangsu Beiren Smart Manufacturing Technology Co.,Ltd. Posted 3.8 Million Yuan Net Loss in First Three Quarters of 2022

Jiangsu Beiren Smart Manufacturing Technology Co.,Ltd. (江苏北人智能制造科技股份有限公司) (688218.SH) reported a net loss of 3.8 million yuan in the first three quarters of 2022, reversing a net profit of 15.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 278.3 million yuan in revenue, down 18.7% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 52.9%.