Xinyaqiang Silicon Chemistry Co.,Ltd.’s Net Profit Dropped 42.7% in First Quarter of 2023

Xinyaqiang Silicon Chemistry Co.,Ltd. (新亚强硅化学股份有限公司) (603155.SH) reported a net profit of 54.8 million yuan in the first quarter of 2023, down 42.7% year-on-year.

Meanwhile, the company posted 226.7 million yuan in revenue, down 31.1% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 290.9 million yuan in total liabilities, with a liability-to-asset ratio of 10.7%.