Beijing Hanjian Heshan Pipeline Co.,Ltd. Posted 362 Million Yuan Net Loss in 2022

Beijing Hanjian Heshan Pipeline Co.,Ltd. (北京韩建河山管业股份有限公司) (603616.SH) reported a net loss of 362 million yuan in 2022, reversing a net profit of 28.4 million yuan for the previous year.

Meanwhile, the company posted 557.3 million yuan in revenue, down 63.3% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 64.3%.