Jiangsu Yangnong Chemical Co.,Ltd.’s Net Profit Dropped 16.6% in First Quarter of 2023

Jiangsu Yangnong Chemical Co.,Ltd. (江苏扬农化工股份有限公司) (600486.SH) reported a net profit of 754.5 million yuan in the first quarter of 2023, down 16.6% year-on-year.

Meanwhile, the company posted 4.5 billion yuan in revenue, down 14.6% year-on-year.

At the end of the reporting period, it had 15.2 billion yuan in total assets and 5.9 billion yuan in total liabilities, with a liability-to-asset ratio of 39%.