Shandong Longquan Pipeline Engineering Co.,Ltd. Posted 130.2 Million Yuan Net Loss in First Three Quarters of 2022

Shandong Longquan Pipeline Engineering Co.,Ltd. (山东龙泉管道工程股份有限公司) (002671.SZ) reported a net loss of 130.2 million yuan in the first three quarters of 2022, reversing a net profit of 12.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 727.9 million yuan in revenue, down 26.5% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 32.2%.