Shanghai Safbon Water Service(Holding) Inc. Posted 408.7 Million Yuan Net Loss in 2022

Shanghai Safbon Water Service(Holding) Inc. (上海巴安水务股份有限公司) (300262.SZ) reported a net loss of 408.7 million yuan in 2022, narrowing 70.6% year-on-year.

Meanwhile, the company posted 263.6 million yuan in revenue, up 93.5% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 3.5 billion yuan in total liabilities, with a liability-to-asset ratio of 97.4%.