Xinxiang Chemical Fiber Co.,Ltd. Posted 23.8 Million Yuan Net Profit in First Three Quarters of 2023

Xinxiang Chemical Fiber Co.,Ltd. (新乡化纤股份有限公司) (000949.SZ) reported a net profit of 23.8 million yuan in the first three quarters of 2023, reversing a net loss of 293.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 5.5 billion yuan in revenue, down 3.8% year-on-year.

At the end of the reporting period, it had 11.9 billion yuan in total assets and 6.4 billion yuan in total liabilities, with a liability-to-asset ratio of 53.7%.