Kangxin New Materials Co.,Ltd. Posted 196 Million Yuan Net Loss in 2022

Kangxin New Materials Co.,Ltd. (康欣新材料股份有限公司) (600076.SH) reported a net loss of 196 million yuan in 2022, reversing a net profit of 27.5 million yuan for the previous year.

Meanwhile, the company posted 446.7 million yuan in revenue, down 65.3% year-on-year.

At the end of the reporting period, it had 7.1 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 34.3%.