Shenzhen Hongtao Group Co.,Ltd. Posted 260.1 Million Yuan Net Loss in First Three Quarters of 2022

Shenzhen Hongtao Group Co.,Ltd. (深圳洪涛集团股份有限公司) (002325.SZ) reported a net loss of 260.1 million yuan in the first three quarters of 2022, reversing a net profit of 88.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 39.5% year-on-year.

At the end of the reporting period, it had 9.1 billion yuan in total assets and 5.5 billion yuan in total liabilities, with a liability-to-asset ratio of 60.7%.