Argus(Shanghai) Textile Chemicals Co.,Ltd.’s Net Profit Dropped 39.8% in First Quarter of 2023

Argus(Shanghai) Textile Chemicals Co.,Ltd. (上海雅运纺织化工股份有限公司) (603790.SH) reported a net profit of 17.2 million yuan in the first quarter of 2023, down 39.8% year-on-year.

Meanwhile, the company posted 191.5 million yuan in revenue, down 25.3% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 357.5 million yuan in total liabilities, with a liability-to-asset ratio of 21.9%.