China Shipbuilding Industry Company Limited Posted 2.4 Billion Yuan Net Loss in 2022

China Shipbuilding Industry Company Limited (中国船舶重工股份有限公司) (601989.SH) reported a net loss of 2.4 billion yuan in 2022, reversing a net profit of 115 million yuan for the previous year.

Meanwhile, the company posted 44.2 billion yuan in revenue, up 11.7% year-on-year.

At the end of the reporting period, it had 188.9 billion yuan in total assets and 104.8 billion yuan in total liabilities, with a liability-to-asset ratio of 55.5%.