Jiangsu Yawei Machine Tool Co.,Ltd. Posted 170.3 Million Yuan Net Loss in 2022

Jiangsu Yawei Machine Tool Co.,Ltd. (江苏亚威机床股份有限公司) (002559.SZ) reported a net loss of 170.3 million yuan in 2022, reversing a net profit of 83.3 million yuan for the previous year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 8.5% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 56.8%.