该公司截至2018年底，公司的资产负债率为16.15%; 2019年底

As of the end of 2018, the company's asset-liability ratio was 16.15%; at the end of 2019, the asset-liability ratio was reduced to 10.45%. From 2017 to 2019, the debt ratio of the company's capital is relatively large and the amount is relatively large, while the capital of shareholders and related stakeholders is relatively small. Therefore, the company's solvency is weakened and the cash financing risk is relatively high. In 2018, the owner's equity capital was small. The increase was mainly due to the increase in undistributed profits realized by the company in 2016. In 2019, the company's above situation has undergone a major reversal. The company’s capital structure has changed from debt capital to owner’s equity capital. The owner's equity capital increased by approximately 12 million yuan. The company recruited 90 million yuan in financing in December 2019, mainly for repaying borrowings from shareholders and related parties.

The company's balance sheet ratio at the end of 2018 was 16.15%; At the end of 2019, the balance sheet ratio will be reduced to 10.45 per cent. In 2017-2019, the company's capital in a larger proportion of debt, a larger amount, and shareholders and related stakeholders have less capital, therefore, weaken the company's solvency, cash financing risk is greater. In 2018, owner's equity capital is small. This increase was mainly due to an increase in unetributed profits realized by the Company in 2016. In 2019, the company's situation has undergone a major reversal. The capital structure of the company has changed from debt capital to owner's equity capital. Owner's equity capital increased by approximately $12 million. The company recruited $90 million in December 2019 to repay loans from shareholders and related parties.

By the end of 2018, the company's asset liability ratio was 16.15%; by the end of 2019, the asset liability ratio was reduced to 10.45%. From 2017 to 2019, the company's capital has a large proportion of debt and a large amount of debt, while shareholders and relevant stakeholders have less capital. Therefore, the company's solvency is weakened and the risk of cash financing is high. In 2018, the owner's equity capital was very small. The increase was mainly due to the increase in undistributed profits realized by the company in 2016. In 2019, the above situation of the company has undergone a significant reversal. The capital structure of the company has changed from debt capital to owner's equity capital. The owner's equity capital increased by about 12 million yuan. The company recruited and raised 90 million yuan in December 2019, mainly used to repay the loans of shareholders and related parties.<br>