Yangmei Chemical Co.,Ltd. Posted 350.8 Million Yuan Net Loss in First Three Quarters of 2023

Yangmei Chemical Co.,Ltd. (阳煤化工股份有限公司) (600691.SH) reported a net loss of 350.8 million yuan in the first three quarters of 2023, reversing a net profit of 210.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 11 billion yuan in revenue, down 18.6% year-on-year.

At the end of the reporting period, it had 24.2 billion yuan in total assets and 17.8 billion yuan in total liabilities, with a liability-to-asset ratio of 73.5%.