Shenzhen Magic Design&Decoration Engineering Co.,Ltd. Posted 139.4 Million Yuan Net Loss in 2022

Shenzhen Magic Design&Decoration Engineering Co.,Ltd. (深圳市美芝装饰设计工程股份有限公司) (002856.SZ) reported a net loss of 139.4 million yuan in 2022, narrowing 13.5% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 183.6% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 75%.