Shaanxi Construction Machinery Co.,Ltd. Posted 46.3 Million Yuan Net Loss in First Three Quarters of 2022

Shaanxi Construction Machinery Co.,Ltd. (陕西建设机械股份有限公司) (600984.SH) reported a net loss of 46.3 million yuan in the first three quarters of 2022, reversing a net profit of 432.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.9 billion yuan in revenue, down 17.9% year-on-year.

At the end of the reporting period, it had 18.1 billion yuan in total assets and 12.1 billion yuan in total liabilities, with a liability-to-asset ratio of 66.9%.