Qinghai Salt Lake Industry Co.,Ltd.’s Net Profit Dropped 43.4% in First Quarter of 2023

Qinghai Salt Lake Industry Co.,Ltd. (青海盐湖工业股份有限公司) (000792.SZ) reported a net profit of 2.5 billion yuan in the first quarter of 2023, down 43.4% year-on-year.

Meanwhile, the company posted 4.7 billion yuan in revenue, down 38.2% year-on-year.

At the end of the reporting period, it had 42.4 billion yuan in total assets and 12.1 billion yuan in total liabilities, with a liability-to-asset ratio of 28.6%.