Grinm Advanced Materials Co.,Ltd.’s Net Profit Dropped 67.3% in First Quarter of 2023

Grinm Advanced Materials Co.,Ltd. (有研新材料股份有限公司) (600206.SH) reported a net profit of 36.1 million yuan in the first quarter of 2023, down 67.3% year-on-year.

Meanwhile, the company posted 3 billion yuan in revenue, down 22.6% year-on-year.

At the end of the reporting period, it had 5.7 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 31.3%.