Jiangsu Ruitai New Energy Materials Co.,Ltd.’s Net Profit Dropped 55% in First Quarter of 2023

Jiangsu Ruitai New Energy Materials Co.,Ltd. (江苏瑞泰新能源材料股份有限公司) (301238.SZ) reported a net profit of 143.5 million yuan in the first quarter of 2023, down 55% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 44.1% year-on-year.

At the end of the reporting period, it had 10.2 billion yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 29.9%.