Weifang Yaxing Chemical Co.,Ltd. Posted 18.7 Million Yuan Net Loss in First Quarter of 2023

Weifang Yaxing Chemical Co.,Ltd. (潍坊亚星化学股份有限公司) (600319.SH) reported a net loss of 18.7 million yuan in the first quarter of 2023, widening 394.1% year-on-year.

Meanwhile, the company posted 204.4 million yuan in revenue, up 32.2% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 70%.