Kangxin New Materials Co.,Ltd. Posted 89.7 Million Yuan Net Loss in First Half of 2023

Kangxin New Materials Co.,Ltd. (康欣新材料股份有限公司) (600076.SH) reported a net loss of 89.7 million yuan in the first half of 2023, narrowing 4% year-on-year.

Meanwhile, the company posted 49 million yuan in revenue, down 81% year-on-year.

At the end of the reporting period, it had 7.3 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 36%.