Shenzhen Prince New Materials Co.,Ltd.’s Net Profit Dropped 98.4% in First Quarter of 2023

Shenzhen Prince New Materials Co.,Ltd. (深圳王子新材料股份有限公司) (002735.SZ) reported a net profit of 606,917 yuan in the first quarter of 2023, down 98.4% year-on-year.

Meanwhile, the company posted 359.4 million yuan in revenue, up 1.2% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 50.9%.