Xinjiang Tianye Co.,Ltd. Posted 587.6 Million Yuan Net Loss in First Half of 2023

Xinjiang Tianye Co.,Ltd. (新疆天业股份有限公司) (600075.SH) reported a net loss of 587.6 million yuan in the first half of 2023, reversing a net profit of 1 billion yuan for the same period in the previous year.

Meanwhile, the company posted 5.9 billion yuan in revenue, down 25.8% year-on-year.

At the end of the reporting period, it had 21.9 billion yuan in total assets and 12.3 billion yuan in total liabilities, with a liability-to-asset ratio of 56.4%.