Jiangsu Safety Wire Rope Co.,Ltd. Posted 79.4 Million Yuan Net Loss in 2022

Jiangsu Safety Wire Rope Co.,Ltd. (江苏赛福天钢索股份有限公司) (603028.SH) reported a net loss of 79.4 million yuan in 2022, reversing a net profit of 57.5 million yuan for the previous year.

Meanwhile, the company posted 795.9 million yuan in revenue, down 13.1% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 524.7 million yuan in total liabilities, with a liability-to-asset ratio of 43.4%.