Fujian Start Group Co.,Ltd. Posted 97.6 Million Yuan Net Loss in 2022

Fujian Start Group Co.,Ltd. (福建实达集团股份有限公司) (600734.SH) reported a net loss of 97.6 million yuan in 2022, reversing a net profit of 690.3 million yuan for the previous year.

Meanwhile, the company posted 262.3 million yuan in revenue, down 71.5% year-on-year.

At the end of the reporting period, it had 927.6 million yuan in total assets and 572.5 million yuan in total liabilities, with a liability-to-asset ratio of 61.7%.