Yantai Yuancheng Gold Co.,Ltd. Posted 1.2 Million Yuan Net Loss in 2022

Yantai Yuancheng Gold Co.,Ltd. (烟台园城黄金股份有限公司) (600766.SH) reported a net loss of 1.2 million yuan in 2022, reversing a net profit of 3 million yuan for the previous year.

Meanwhile, the company posted 94.3 million yuan in revenue, down 58.1% year-on-year.

At the end of the reporting period, it had 449.5 million yuan in total assets and 392.3 million yuan in total liabilities, with a liability-to-asset ratio of 87.3%.