Hainan Ruize New Building Meterial Co.,Ltd. Posted 541.2 Million Yuan Net Loss in 2022

Hainan Ruize New Building Meterial Co.,Ltd. (海南瑞泽新型建材股份有限公司) (002596.SZ) reported a net loss of 541.2 million yuan in 2022, narrowing 53% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 30.4% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 67.3%.