Konka Group Co.,Ltd. Posted 1.8 Billion Yuan Net Loss in 2022

Konka Group Co.,Ltd. (康佳集团股份有限公司) (000016.SZ) reported a net loss of 1.8 billion yuan in 2022, reversing a net profit of 806.7 million yuan for the previous year.

Meanwhile, the company posted 29.6 billion yuan in revenue, down 39.7% year-on-year.

At the end of the reporting period, it had 38 billion yuan in total assets and 29.6 billion yuan in total liabilities, with a liability-to-asset ratio of 77.7%.