Guangdong Huatie Tongda High-Speed Railway Equipment Corporation Posted 1.2 Billion Yuan Net Loss in 2022

Guangdong Huatie Tongda High-Speed Railway Equipment Corporation (广东华铁通达高铁装备股份有限公司) (000976.SZ) reported a net loss of 1.2 billion yuan in 2022, reversing a net profit of 381.7 million yuan for the previous year.

Meanwhile, the company posted 573.5 million yuan in revenue, down 69.3% year-on-year.

At the end of the reporting period, it had 6.3 billion yuan in total assets and 3.2 billion yuan in total liabilities, with a liability-to-asset ratio of 50.2%.