Sinochem International Co.,Ltd. Posted 135.2 Million Yuan Net Loss in First Half of 2023

Sinochem International Co.,Ltd. (中化国际(控股)股份有限公司) (600500.SH) reported a net loss of 135.2 million yuan in the first half of 2023, reversing a net profit of 1.5 billion yuan for the same period in the previous year.

Meanwhile, the company posted 29 billion yuan in revenue, down 34.7% year-on-year.

At the end of the reporting period, it had 54.8 billion yuan in total assets and 30.8 billion yuan in total liabilities, with a liability-to-asset ratio of 56.1%.