Jingrui Holdings: Severe losses, high leverage, and auditor's disclaimer highlight acute liquidity risks

About this update from Jingrui Holdings Ltd.

Revenue fell 19% year-over-year to RMB5.91 billion, with a gross loss and net loss attributable to equity holders rising to RMB3.0 billion. Liquidity risks remain acute, with a net debt-to-capital ratio of 2,281% and a disclaimer of opinion from the auditor due to going concern uncertainties.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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