Shaanxi Construction Machinery Co.,Ltd. Posted 44.8 Million Yuan Net Loss in 2022

Shaanxi Construction Machinery Co.,Ltd. (陕西建设机械股份有限公司) (600984.SH) reported a net loss of 44.8 million yuan in 2022, reversing a net profit of 374.5 million yuan for the previous year.

Meanwhile, the company posted 3.9 billion yuan in revenue, down 17.7% year-on-year.

At the end of the reporting period, it had 18 billion yuan in total assets and 12 billion yuan in total liabilities, with a liability-to-asset ratio of 66.6%.