Shandong Rike Chemical Co.,Ltd.’s Net Profit Dropped 78.1% in First Quarter of 2023

Shandong Rike Chemical Co.,Ltd. (山东日科化学股份有限公司) (300214.SZ) reported a net profit of 17.7 million yuan in the first quarter of 2023, down 78.1% year-on-year.

Meanwhile, the company posted 583.1 million yuan in revenue, down 20.7% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 519.1 million yuan in total liabilities, with a liability-to-asset ratio of 16.9%.