Xinjiang Zhongtai Chemical Co.,Ltd. Posted 1.6 Billion Yuan Net Loss in First Three Quarters of 2023

Xinjiang Zhongtai Chemical Co.,Ltd. (新疆中泰化学股份有限公司) (002092.SZ) reported a net loss of 1.6 billion yuan in the first three quarters of 2023, reversing a net profit of 1.5 billion yuan for the same period in the previous year.

Meanwhile, the company posted 30.3 billion yuan in revenue, down 26.4% year-on-year.

At the end of the reporting period, it had 77.3 billion yuan in total assets and 46.3 billion yuan in total liabilities, with a liability-to-asset ratio of 60%.