Apr 29, 2023 08:00 AM

Xiangyang Automobile Bearing Co.,Ltd. Posted 127.3 Million Yuan Net Loss in 2022

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Xiangyang Automobile Bearing Co.,Ltd. (襄阳汽车轴承股份有限公司) (000678.SZ) reported a net loss of 127.3 million yuan in 2022, widening 160.6% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 14.2% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 59.7%.

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