Chongqing Sifang New Material Co.,Ltd.’s Net Profit Dropped 61.5% in First Quarter of 2023

Chongqing Sifang New Material Co.,Ltd. (重庆四方新材股份有限公司) (605122.SH) reported a net profit of 12.6 million yuan in the first quarter of 2023, down 61.5% year-on-year.

Meanwhile, the company posted 419.5 million yuan in revenue, up 36.4% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 48.9%.