Kangxin New Materials Co.,Ltd. Posted 35.3 Million Yuan Net Loss in First Quarter of 2023

Kangxin New Materials Co.,Ltd. (康欣新材料股份有限公司) (600076.SH) reported a net loss of 35.3 million yuan in the first quarter of 2023, narrowing 5.9% year-on-year.

Meanwhile, the company posted 16.2 million yuan in revenue, down 89.1% year-on-year.

At the end of the reporting period, it had 7.2 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 35.4%.