Shenzhen Fountain Corporation Posted 160.9 Million Yuan Net Loss in 2022

Shenzhen Fountain Corporation (深圳世纪星源股份有限公司) (000005.SZ) reported a net loss of 160.9 million yuan in 2022, reversing a net profit of 139.5 million yuan for the previous year.

Meanwhile, the company posted 283.7 million yuan in revenue, down 26% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 49.7%.