Sunward Intelligent Equipment Co.,Ltd. Posted 1.2 Billion Yuan Net Loss in 2022

Sunward Intelligent Equipment Co.,Ltd. (山河智能装备股份有限公司) (002097.SZ) reported a net loss of 1.2 billion yuan in 2022, reversing a net profit of 322 million yuan for the previous year.

Meanwhile, the company posted 7.3 billion yuan in revenue, down 36% year-on-year.

At the end of the reporting period, it had 20.6 billion yuan in total assets and 15.8 billion yuan in total liabilities, with a liability-to-asset ratio of 76.9%.