Lier Chemical Co.,Ltd.’s Net Profit Dropped 42.1% in First Quarter of 2023

Lier Chemical Co.,Ltd. (利尔化学股份有限公司) (002258.SZ) reported a net profit of 342 million yuan in the first quarter of 2023, down 42.1% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, down 6.5% year-on-year.

At the end of the reporting period, it had 13.7 billion yuan in total assets and 5.4 billion yuan in total liabilities, with a liability-to-asset ratio of 39.2%.