Qinghai Salt Lake Industry’s annual loss for 2019 will equal a seventh of the gross domestic product of Qinghai, its home province in northwestern China. Photo: XinhuaQinghai Salt Lake Industry’s annual loss for 2019 will equal a seventh of the gross domestic product of Qinghai, its home province in northwestern China. Photo: Xinhua
Qinghai Salt Lake Industry’s annual loss for 2019 will equal a seventh of the gross domestic product of Qinghai, its home province in northwestern China. Photo: Xinhua
Business /  China Business

Qinghai Salt, China’s largest potash maker, is set to post country’s biggest ever annual loss of US$6.8 billion

  • Qinghai Salt Lake Industry’s market cap has shrunk about seven times from 190 billion yuan in 2008 to 23.4 billion currently
  • The company started court-ordered bankruptcy proceedings in September last year
Topic |   State-owned enterprises
Yujing Liu
Yujing Liu

Updated: 10:53pm, 13 Jan, 2020

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Qinghai Salt Lake Industry’s annual loss for 2019 will equal a seventh of the gross domestic product of Qinghai, its home province in northwestern China. Photo: XinhuaQinghai Salt Lake Industry’s annual loss for 2019 will equal a seventh of the gross domestic product of Qinghai, its home province in northwestern China. Photo: Xinhua
Qinghai Salt Lake Industry’s annual loss for 2019 will equal a seventh of the gross domestic product of Qinghai, its home province in northwestern China. Photo: Xinhua
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