Rastar Environmental Materials Co.,Ltd.’s Net Profit Dropped 60.6% in First Quarter of 2023

Rastar Environmental Materials Co.,Ltd. (星辉环保材料股份有限公司) (300834.SZ) reported a net profit of 20.2 million yuan in the first quarter of 2023, down 60.6% year-on-year.

Meanwhile, the company posted 327.3 million yuan in revenue, down 26.7% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 221.8 million yuan in total liabilities, with a liability-to-asset ratio of 6.9%.