Kangxin New Materials Co.,Ltd. Posted 140.1 Million Yuan Net Loss in First Three Quarters 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 140.1 million yuan in the first three quarters of 2022, reversing a net profit of 41.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 332.4 million yuan in revenue, down 67.6% year-on-year.

At the end of the reporting period, it had 7.6 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 37.6%.