Jiangsu Baichuan High-Tech New Materials Co.,Ltd. Posted 71.1 Million Yuan Net Loss in First Three Quarters of 2023

Jiangsu Baichuan High-Tech New Materials Co.,Ltd. (江苏百川高科新材料股份有限公司) (002455.SZ) reported a net loss of 71.1 million yuan in the first three quarters of 2023, reversing a net profit of 104.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.2 billion yuan in revenue, up 4.7% year-on-year.

At the end of the reporting period, it had 11.7 billion yuan in total assets and 8.8 billion yuan in total liabilities, with a liability-to-asset ratio of 75.4%.