Zhejiang Ming Jewelry Co.,Ltd. Posted 162.5 Million Yuan Net Loss in 2022

Zhejiang Ming Jewelry Co.,Ltd. (浙江明牌珠宝股份有限公司) (002574.SZ) reported a net loss of 162.5 million yuan in 2022, reversing a net profit of 137.9 million yuan for the previous year.

Meanwhile, the company posted 3.5 billion yuan in revenue, down 3% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 33.2%.