Kangda New Materials(Group) Co.,Ltd. Posted 32 Million Yuan Net Loss in First Three Quarters of 2022

Kangda New Materials(Group) Co.,Ltd. (康达新材料(集团)股份有限公司) (002669.SZ) reported a net loss of 32 million yuan in the first three quarters of 2022, reversing a net profit of 1.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.6 billion yuan in revenue, up 14.7% year-on-year.

At the end of the reporting period, it had 5.2 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 40.5%.