Sicc Co.,Ltd. Posted 175.2 Million Yuan Net Loss in 2022

Sicc Co.,Ltd. (山东天岳先进科技股份有限公司) (688234.SH) reported a net loss of 175.2 million yuan in 2022, reversing a net profit of 90 million yuan for the previous year.

Meanwhile, the company posted 417 million yuan in revenue, down 15.6% year-on-year.

At the end of the reporting period, it had 5.9 billion yuan in total assets and 614.6 million yuan in total liabilities, with a liability-to-asset ratio of 10.5%.