Lianhe Chemical Technology Co.,Ltd.’s Net Profit Dropped 24.7% in First Quarter of 2023

Lianhe Chemical Technology Co.,Ltd. (联化科技股份有限公司) (002250.SZ) reported a net profit of 57.6 million yuan in the first quarter of 2023, down 24.7% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, up 15.6% year-on-year.

At the end of the reporting period, it had 14.7 billion yuan in total assets and 7.3 billion yuan in total liabilities, with a liability-to-asset ratio of 50%.