Luxi Chemical Group Co.,Ltd.’s Net Profit Dropped 75.6% in First Quarter of 2023

Luxi Chemical Group Co.,Ltd. (鲁西化工集团股份有限公司) (000830.SZ) reported a net profit of 322.4 million yuan in the first quarter of 2023, down 75.6% year-on-year.

Meanwhile, the company posted 6.6 billion yuan in revenue, down 14% year-on-year.

At the end of the reporting period, it had 35.3 billion yuan in total assets and 17.5 billion yuan in total liabilities, with a liability-to-asset ratio of 49.6%.