Xinxiang Chemical Fiber Co.,Ltd.’s Net Profit Dropped 57.4% in First Quarter of 2023

Xinxiang Chemical Fiber Co.,Ltd. (新乡化纤股份有限公司) (000949.SZ) reported a net profit of 17.4 million yuan in the first quarter of 2023, down 57.4% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 14.7% year-on-year.

At the end of the reporting period, it had 11.6 billion yuan in total assets and 6 billion yuan in total liabilities, with a liability-to-asset ratio of 52.3%.