Kangxin New Materials Co.,Ltd. Posted 93.5 Million Yuan Net Loss in First Half of 2022

Kangxin New Materials Co.,Ltd. (康欣新材料股份有限公司) (600076.SH) reported a net loss of 93.5 million yuan in the first half of 2022, reversing a net profit of 67.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 258.2 million yuan in revenue, down 66% year-on-year.

At the end of the reporting period, it had 8.3 billion yuan in total assets and 3.5 billion yuan in total liabilities, with a liability-to-asset ratio of 42.2%.