Shandong Taihe Technologies Co.,Ltd.’s Net Profit Dropped 74.2% in First Quarter of 2023

Shandong Taihe Technologies Co.,Ltd. (山东泰和科技股份有限公司) (300801.SZ) reported a net profit of 32.1 million yuan in the first quarter of 2023, down 74.2% year-on-year.

Meanwhile, the company posted 517.4 million yuan in revenue, down 28.5% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 461 million yuan in total liabilities, with a liability-to-asset ratio of 16%.