Kunming Chuan Jin Nuo Chemical Co.,Ltd. Posted 114.9 Million Yuan Net Loss in First Three Quarters of 2023

Kunming Chuan Jin Nuo Chemical Co.,Ltd. (昆明川金诺化工股份有限公司) (300505.SZ) reported a net loss of 114.9 million yuan in the first three quarters of 2023, reversing a net profit of 292.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 5.8% year-on-year.

At the end of the reporting period, it had 3.9 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 37.5%.