Wuxi Taiji Industry Corporation Limited Posted 652.7 Million Yuan Net Loss in 2022

Wuxi Taiji Industry Corporation Limited (无锡市太极实业股份有限公司) (600667.SH) reported a net loss of 652.7 million yuan in 2022, reversing a net profit of 1 billion yuan for the previous year.

Meanwhile, the company posted 35.2 billion yuan in revenue, up 44.9% year-on-year.

At the end of the reporting period, it had 28.9 billion yuan in total assets and 21.1 billion yuan in total liabilities, with a liability-to-asset ratio of 72.8%.