Kunming Chuan Jin Nuo Chemical Co.,Ltd. Posted 39.5 Million Yuan Net Loss in First Half of 2023

Kunming Chuan Jin Nuo Chemical Co.,Ltd. (昆明川金诺化工股份有限公司) (300505.SZ) reported a net loss of 39.5 million yuan in the first half of 2023, reversing a net profit of 202.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 3.4% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 41.6%.