Baotailong New Materials Co.,Ltd. Posted 26.9 Million Yuan Net Loss in First Three Quarters of 2023

Baotailong New Materials Co.,Ltd. (宝泰隆新材料股份有限公司) (601011.SH) reported a net loss of 26.9 million yuan in the first three quarters of 2023, reversing a net profit of 91.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.6 billion yuan in revenue, down 5.6% year-on-year.

At the end of the reporting period, it had 13.6 billion yuan in total assets and 5.2 billion yuan in total liabilities, with a liability-to-asset ratio of 38.6%.