Xinlong Holding(Group) Co.,Ltd. Posted 128 Million Yuan Net Loss in First Three Quarters of 2022

Xinlong Holding(Group) Co.,Ltd. (欣龙控股(集团)股份有限公司) (000955.SZ) reported a net loss of 128 million yuan in the first three quarters of 2022, reversing a net profit of 7.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 591.1 million yuan in revenue, down 23.6% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 326.6 million yuan in total liabilities, with a liability-to-asset ratio of 29.7%.