Kangda New Materials(Group) Co.,Ltd. Posted 23.2 Million Yuan Net Loss in First Quarter of 2023

Kangda New Materials(Group) Co.,Ltd. (康达新材料(集团)股份有限公司) (002669.SZ) reported a net loss of 23.2 million yuan in the first quarter of 2023, widening 123.3% year-on-year.

Meanwhile, the company posted 630.9 million yuan in revenue, up 5.4% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 43.6%.