Zhejiang Xinan Chemical Industrial Group Co.,Ltd.’s Net Profit Dropped 90.7% in First Quarter of 2023

Zhejiang Xinan Chemical Industrial Group Co.,Ltd. (浙江新安化工集团股份有限公司) (600596.SH) reported a net profit of 115.7 million yuan in the first quarter of 2023, down 90.7% year-on-year.

Meanwhile, the company posted 3.9 billion yuan in revenue, down 40.3% year-on-year.

At the end of the reporting period, it had 20.7 billion yuan in total assets and 8 billion yuan in total liabilities, with a liability-to-asset ratio of 38.4%.