Phichem Corporation’s Net Profit Dropped 45.6% in First Quarter of 2023

Phichem Corporation (上海飞凯材料科技股份有限公司) (300398.SZ) reported a net profit of 76.1 million yuan in the first quarter of 2023, down 45.6% year-on-year.

Meanwhile, the company posted 601.7 million yuan in revenue, down 30.5% year-on-year.

At the end of the reporting period, it had 6.2 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 37.9%.