Sichuan Meifeng Chemical Industry Co.,Ltd.’s Net Profit Dropped 8.7% in First Quarter of 2023

Sichuan Meifeng Chemical Industry Co.,Ltd. (四川美丰化工股份有限公司) (000731.SZ) reported a net profit of 179.7 million yuan in the first quarter of 2023, down 8.7% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 3.9% year-on-year.

At the end of the reporting period, it had 5.3 billion yuan in total assets and 781.5 million yuan in total liabilities, with a liability-to-asset ratio of 14.9%.