Shanghai Taihe Water Technology Development Co.,Ltd. Posted 163.9 Million Yuan Net Loss in 2022

Shanghai Taihe Water Technology Development Co.,Ltd. (上海太和水科技发展股份有限公司) (605081.SH) reported a net loss of 163.9 million yuan in 2022, reversing a net profit of 90.9 million yuan for the previous year.

Meanwhile, the company posted 205.4 million yuan in revenue, down 55.4% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 316.5 million yuan in total liabilities, with a liability-to-asset ratio of 16.5%.