Yunnan Lincang Xinyuan Germanium Industry Co.,Ltd. Posted 3.2 Million Yuan Net Loss in First Three Quarters of 2023

Yunnan Lincang Xinyuan Germanium Industry Co.,Ltd. (云南临沧鑫圆锗业股份有限公司) (002428.SZ) reported a net loss of 3.2 million yuan in the first three quarters of 2023, reversing a net profit of 700,482 yuan for the same period in the previous year.

Meanwhile, the company posted 471 million yuan in revenue, up 14.2% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 41.5%.