Jiangxi Hengda Hi-Tech Co.,Ltd. Posted 4.5 Million Yuan Net Loss in First Three Quarters of 2022

Jiangxi Hengda Hi-Tech Co.,Ltd. (江西恒大高新技术股份有限公司) (002591.SZ) reported a net loss of 4.5 million yuan in the first three quarters of 2022, reversing a net profit of 24.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 264.2 million yuan in revenue, down 39.9% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 296.3 million yuan in total liabilities, with a liability-to-asset ratio of 27.5%.