Lianhe Chemical Technology Co.,Ltd. Posted 50.3 Million Yuan Net Loss in First Three Quarters of 2023

Lianhe Chemical Technology Co.,Ltd. (联化科技股份有限公司) (002250.SZ) reported a net loss of 50.3 million yuan in the first three quarters of 2023, reversing a net profit of 380.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 5 billion yuan in revenue, down 15% year-on-year.

At the end of the reporting period, it had 14.2 billion yuan in total assets and 7 billion yuan in total liabilities, with a liability-to-asset ratio of 49.7%.