Xinxiang Chemical Fiber Co.,Ltd. Posted 293.6 Million Yuan Net Loss in First Three Quarters of 2022

Xinxiang Chemical Fiber Co.,Ltd. (新乡化纤股份有限公司) (000949.SZ) reported a net loss of 293.6 million yuan in the first three quarters of 2022, reversing a net profit of 1.3 billion yuan for the same period in the previous year.

Meanwhile, the company posted 5.7 billion yuan in revenue, down 11.8% year-on-year.

At the end of the reporting period, it had 11.6 billion yuan in total assets and 5.8 billion yuan in total liabilities, with a liability-to-asset ratio of 50.2%.