Aba Chemicals Corporation’s Net Profit Dropped 27.6% in First Quarter of 2023

Aba Chemicals Corporation (雅本化学股份有限公司) (300261.SZ) reported a net profit of 52.3 million yuan in the first quarter of 2023, down 27.6% year-on-year.

Meanwhile, the company posted 478.7 million yuan in revenue, down 12.2% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 37.7%.