Yueyang Xingchang Petro-Chemical Co.,Ltd.’s Net Profit Rose 13.8% in First Quarter of 2023

Yueyang Xingchang Petro-Chemical Co.,Ltd. (岳阳兴长石化股份有限公司) (000819.SZ) reported a net profit of 16.5 million yuan in the first quarter of 2023, up 13.8% year-on-year.

Meanwhile, the company posted 751.8 million yuan in revenue, down 4% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 417.9 million yuan in total liabilities, with a liability-to-asset ratio of 27.2%.