Jiangsu High Hope International Corporation Posted 270.7 Million Yuan Net Loss in First Three Quarters of 2022

Jiangsu High Hope International Corporation (江苏汇鸿国际集团股份有限公司) (600981.SH) reported a net loss of 270.7 million yuan in the first three quarters of 2022, reversing a net profit of 225.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 34.9 billion yuan in revenue, down 5.3% year-on-year.

At the end of the reporting period, it had 26.2 billion yuan in total assets and 19.8 billion yuan in total liabilities, with a liability-to-asset ratio of 75.4%.