Kangxin New Materials Co.,Ltd. Posted 132.4 Million Yuan Net Loss in First Three Quarters 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 132.4 million yuan in the first three quarters of 2023, narrowing 3.8% year-on-year.

Meanwhile, the company posted 99.6 million yuan in revenue, down 71.1% year-on-year.

At the end of the reporting period, it had 7.1 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 35.2%.