Shandong Meichen Ecology&Environment Co.,Ltd. Posted 1.4 Billion Yuan Net Loss in 2022

Shandong Meichen Ecology&Environment Co.,Ltd. (山东美晨生态环境股份有限公司) (300237.SZ) reported a net loss of 1.4 billion yuan in 2022, widening 258.5% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 34.1% year-on-year.

At the end of the reporting period, it had 9.4 billion yuan in total assets and 8.3 billion yuan in total liabilities, with a liability-to-asset ratio of 88.5%.