Kunming Chuan Jin Nuo Chemical Co.,Ltd.’s Net Profit Dropped 94.5% in First Quarter of 2023

Kunming Chuan Jin Nuo Chemical Co.,Ltd. (昆明川金诺化工股份有限公司) (300505.SZ) reported a net profit of 3.3 million yuan in the first quarter of 2023, down 94.5% year-on-year.

Meanwhile, the company posted 520.2 million yuan in revenue, up 17.4% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 39.7%.