Yangmei Chemical Co.,Ltd. Posted 306.8 Million Yuan Net Loss in First Half of 2023

Yangmei Chemical Co.,Ltd. (阳煤化工股份有限公司) (600691.SH) reported a net loss of 306.8 million yuan in the first half of 2023, reversing a net profit of 253.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 7.2 billion yuan in revenue, down 24.4% year-on-year.

At the end of the reporting period, it had 23.5 billion yuan in total assets and 17.1 billion yuan in total liabilities, with a liability-to-asset ratio of 72.5%.