Nanjing Chemical Fibre Co.,Ltd. Posted 48.5 Million Yuan Net Loss in First Quarter of 2023

Nanjing Chemical Fibre Co.,Ltd. (南京化纤股份有限公司) (600889.SH) reported a net loss of 48.5 million yuan in the first quarter of 2023, widening 37.2% year-on-year.

Meanwhile, the company posted 104.2 million yuan in revenue, down 22% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 810.1 million yuan in total liabilities, with a liability-to-asset ratio of 42.7%.