Swancor Advanced Materials Co.,Ltd.’s Net Profit Dropped 7.5% in First Quarter of 2023

Swancor Advanced Materials Co.,Ltd. (上纬新材料科技股份有限公司) (688585.SH) reported a net profit of 17.7 million yuan in the first quarter of 2023, down 7.5% year-on-year.

Meanwhile, the company posted 320.9 million yuan in revenue, down 34.3% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 557 million yuan in total liabilities, with a liability-to-asset ratio of 32.4%.