Sanfeng Intelligent Equipment Group Co.,Ltd. Posted 507.8 Million Yuan Net Loss in 2022

Sanfeng Intelligent Equipment Group Co.,Ltd. (三丰智能装备集团股份有限公司) (300276.SZ) reported a net loss of 507.8 million yuan in 2022, reversing a net profit of 101.1 million yuan for the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 6.5% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 52.1%.