Xiangtan Electrochemical Scientific Co.,Ltd.’s Net Profit Dropped 73% in First Quarter of 2023

Xiangtan Electrochemical Scientific Co.,Ltd. (湘潭电化科技股份有限公司) (002125.SZ) reported a net profit of 40 million yuan in the first quarter of 2023, down 73% year-on-year.

Meanwhile, the company posted 464.2 million yuan in revenue, up 6.2% year-on-year.

At the end of the reporting period, it had 5.1 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 49%.