Tianjin Jiuri New Materials Co.,Ltd. Posted 40.1 Million Yuan Net Loss in First Half of 2023

Tianjin Jiuri New Materials Co.,Ltd. (天津久日新材料股份有限公司) (688199.SH) reported a net loss of 40.1 million yuan in the first half of 2023, reversing a net profit of 105.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 564.5 million yuan in revenue, down 30.9% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 34.4%.