Apr 27, 2023 08:00 AM

Guangdong Rongtai Industry Co.,Ltd. Posted 745.3 Million Yuan Net Loss in 2022

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Guangdong Rongtai Industry Co.,Ltd. (广东榕泰实业股份有限公司) (600589.SH) reported a net loss of 745.3 million yuan in 2022, widening 3.7% year-on-year.

Meanwhile, the company posted 421.1 million yuan in revenue, down 46% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 160.4%.

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