Shanghai Hongda New Material Co.,Ltd. Posted 15.5 Million Yuan Net Loss in First Three Quarters of 2023

Shanghai Hongda New Material Co.,Ltd. (上海宏达新材料股份有限公司) (002211.SZ) reported a net loss of 15.5 million yuan in the first three quarters of 2023, narrowing 35.9% year-on-year.

Meanwhile, the company posted 177 million yuan in revenue, down 37.9% year-on-year.

At the end of the reporting period, it had 308.9 million yuan in total assets and 231.7 million yuan in total liabilities, with a liability-to-asset ratio of 75%.