Rianlon Corporation’s Net Profit Dropped 33.4% in First Quarter of 2023

Rianlon Corporation (天津利安隆新材料股份有限公司) (300596.SZ) reported a net profit of 83.4 million yuan in the first quarter of 2023, down 33.4% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 17.4% year-on-year.

At the end of the reporting period, it had 8 billion yuan in total assets and 3.9 billion yuan in total liabilities, with a liability-to-asset ratio of 49.6%.