Zhejiang Huazheng New Material Co.,Ltd. Posted 29 Million Yuan Net Loss in First Three Quarters of 2023

Zhejiang Huazheng New Material Co.,Ltd. (浙江华正新材料股份有限公司) (603186.SH) reported a net loss of 29 million yuan in the first three quarters of 2023, reversing a net profit of 64.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.5 billion yuan in revenue, up 5% year-on-year.

At the end of the reporting period, it had 6 billion yuan in total assets and 4.3 billion yuan in total liabilities, with a liability-to-asset ratio of 72.2%.