Shandong Hualu-Hengsheng Chemical Co.,Ltd.’s Net Profit Dropped 67.9% in First Quarter of 2023

Shandong Hualu-Hengsheng Chemical Co.,Ltd. (山东华鲁恒升化工股份有限公司) (600426.SH) reported a net profit of 780.1 million yuan in the first quarter of 2023, down 67.9% year-on-year.

Meanwhile, the company posted 6.1 billion yuan in revenue, down 25.4% year-on-year.

At the end of the reporting period, it had 37.3 billion yuan in total assets and 8.4 billion yuan in total liabilities, with a liability-to-asset ratio of 22.5%.