Sinochem International Co.,Ltd.’s Net Profit Dropped 69.9% in First Quarter of 2023

Sinochem International Co.,Ltd. (中化国际(控股)股份有限公司) (600500.SH) reported a net profit of 194 million yuan in the first quarter of 2023, down 69.9% year-on-year.

Meanwhile, the company posted 14.8 billion yuan in revenue, down 21.6% year-on-year.

At the end of the reporting period, it had 58.3 billion yuan in total assets and 33.3 billion yuan in total liabilities, with a liability-to-asset ratio of 57.2%.