Sichuan Shengda Forestry Industry Co.,Ltd. Posted 72.8 Million Yuan Net Loss in First Three Quarters of 2022

Sichuan Shengda Forestry Industry Co.,Ltd. (四川升达林业产业股份有限公司) (002259.SZ) reported a net loss of 72.8 million yuan in the first three quarters of 2022, reversing a net profit of 38.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.4 billion yuan in revenue, up 32.8% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 94.9%.