Sinochem International Co.,Ltd. Posted 491.9 Million Yuan Net Loss in First Three Quarters of 2023

Sinochem International Co.,Ltd. (中化国际(控股)股份有限公司) (600500.SH) reported a net loss of 491.9 million yuan in the first three quarters of 2023, reversing a net profit of 2 billion yuan for the same period in the previous year.

Meanwhile, the company posted 43 billion yuan in revenue, down 34.8% year-on-year.

At the end of the reporting period, it had 55 billion yuan in total assets and 32.2 billion yuan in total liabilities, with a liability-to-asset ratio of 58.5%.