Apr 01, 2023 08:00 AM

Xingyuan Environment Technology Co.,Ltd. Posted 564.8 Million Yuan Net Loss in 2022

By Caixin Automation

Xingyuan Environment Technology Co.,Ltd. (兴源环境科技股份有限公司) (300266.SZ) reported a net loss of 564.8 million yuan in 2022, widening 1851.9% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 42% year-on-year.

At the end of the reporting period, it had 11.3 billion yuan in total assets and 9.7 billion yuan in total liabilities, with a liability-to-asset ratio of 85.4%.

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