Jiangsu High Hope International Corporation Posted 836.8 Million Yuan Net Loss in 2022

Jiangsu High Hope International Corporation (江苏汇鸿国际集团股份有限公司) (600981.SH) reported a net loss of 836.8 million yuan in 2022, reversing a net profit of 351.6 million yuan for the previous year.

Meanwhile, the company posted 47.8 billion yuan in revenue, up 5.5% year-on-year.

At the end of the reporting period, it had 25 billion yuan in total assets and 19.1 billion yuan in total liabilities, with a liability-to-asset ratio of 76.5%.