Sunward Intelligent Equipment Co.,Ltd. Posted 105.7 Million Yuan Net Loss in First Three Quarters of 2022

Sunward Intelligent Equipment Co.,Ltd. (山河智能装备股份有限公司) (002097.SZ) reported a net loss of 105.7 million yuan in the first three quarters of 2022, reversing a net profit of 502.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 5.4 billion yuan in revenue, down 40.5% year-on-year.

At the end of the reporting period, it had 21.4 billion yuan in total assets and 15.6 billion yuan in total liabilities, with a liability-to-asset ratio of 72.8%.