Xinxiang Chemical Fiber Co.,Ltd. Posted 434.7 Million Yuan Net Loss in 2022

Xinxiang Chemical Fiber Co.,Ltd. (新乡化纤股份有限公司) (000949.SZ) reported a net loss of 434.7 million yuan in 2022, reversing a net profit of 1.4 billion yuan for the previous year.

Meanwhile, the company posted 7.3 billion yuan in revenue, down 17.6% year-on-year.

At the end of the reporting period, it had 11.2 billion yuan in total assets and 5.7 billion yuan in total liabilities, with a liability-to-asset ratio of 50.7%.