Shandong Weifang Rainbow Chemical Co.,Ltd.’s Net Profit Dropped 50.7% in First Quarter of 2023

Shandong Weifang Rainbow Chemical Co.,Ltd. (山东潍坊润丰化工股份有限公司) (301035.SZ) reported a net profit of 193.5 million yuan in the first quarter of 2023, down 50.7% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, down 28.4% year-on-year.

At the end of the reporting period, it had 10.8 billion yuan in total assets and 4.3 billion yuan in total liabilities, with a liability-to-asset ratio of 39.3%.