Shenzhen Glory Medical Co.,Ltd. Posted 43.5 Million Yuan Net Loss in First Three Quarters of 2022

Shenzhen Glory Medical Co.,Ltd. (深圳市尚荣医疗股份有限公司) (002551.SZ) reported a net loss of 43.5 million yuan in the first three quarters of 2022, reversing a net profit of 113.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 940 million yuan in revenue, down 18.4% year-on-year.

At the end of the reporting period, it had 4.7 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 27.5%.