Anhui Xinke New Materials Co.,Ltd. Posted 25.9 Million Yuan Net Loss in First Half of 2023

Anhui Xinke New Materials Co.,Ltd. (安徽鑫科新材料股份有限公司) (600255.SH) reported a net loss of 25.9 million yuan in the first half of 2023, reversing a net profit of 71.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 13.2% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 54.9%.