Zibo Qixiangtengda Chemical Co.,Ltd. Posted 80.3 Million Yuan Net Loss in First Quarter of 2023

Zibo Qixiangtengda Chemical Co.,Ltd. (淄博齐翔腾达化工股份有限公司) (002408.SZ) reported a net loss of 80.3 million yuan in the first quarter of 2023, reversing a net profit of 559.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 6.1 billion yuan in revenue, down 22.5% year-on-year.

At the end of the reporting period, it had 29.9 billion yuan in total assets and 15.9 billion yuan in total liabilities, with a liability-to-asset ratio of 53.2%.