Jiangsu Chengxing Phosph-Chemicals Co.,Ltd. Posted 38 Million Yuan Net Loss in First Three Quarters of 2023

Jiangsu Chengxing Phosph-Chemicals Co.,Ltd. (江苏澄星磷化工股份有限公司) (600078.SH) reported a net loss of 38 million yuan in the first three quarters of 2023, reversing a net profit of 731.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.4 billion yuan in revenue, down 33.4% year-on-year.

At the end of the reporting period, it had 5.2 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 56%.