Shandong Dongyue Organosilicon Materials Co.,Ltd. Posted 69.5 Million Yuan Net Loss in First Quarter of 2023

Shandong Dongyue Organosilicon Materials Co.,Ltd. (山东东岳有机硅材料股份有限公司) (300821.SZ) reported a net loss of 69.5 million yuan in the first quarter of 2023, reversing a net profit of 241.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.4 billion yuan in revenue, up 4.1% year-on-year.

At the end of the reporting period, it had 6.7 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 23%.