Hangzhou Gaoxin Rubber&Plastic Materials Co.,Ltd. Posted 21.7 Million Yuan Net Loss in 2022

Hangzhou Gaoxin Rubber&Plastic Materials Co.,Ltd. (杭州高新橡塑材料股份有限公司) (300478.SZ) reported a net loss of 21.7 million yuan in 2022, reversing a net profit of 14.8 million yuan for the previous year.

Meanwhile, the company posted 367.8 million yuan in revenue, down 5% year-on-year.

At the end of the reporting period, it had 333.9 million yuan in total assets and 265.2 million yuan in total liabilities, with a liability-to-asset ratio of 79.5%.