Xiangyang Automobile Bearing Co.,Ltd. Posted 85.3 Million Yuan Net Loss in First Three Quarters of 2022

Xiangyang Automobile Bearing Co.,Ltd. (襄阳汽车轴承股份有限公司) (000678.SZ) reported a net loss of 85.3 million yuan in the first three quarters of 2022, widening 1734.8% year-on-year.

Meanwhile, the company posted 925.2 million yuan in revenue, down 16% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 59%.