Yibin Paper Industry Co.,Ltd. Posted 59.5 Million Yuan Net Loss in First Three Quarters of 2023

Yibin Paper Industry Co.,Ltd. (宜宾纸业股份有限公司) (600793.SH) reported a net loss of 59.5 million yuan in the first three quarters of 2023, reversing a net profit of 27.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 6.5% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 76.9%.