Anhui Liuguo Chemical Co.,Ltd.’s Net Profit Dropped 70.9% in First Quarter of 2023

Anhui Liuguo Chemical Co.,Ltd. (安徽六国化工股份有限公司) (600470.SH) reported a net profit of 23.1 million yuan in the first quarter of 2023, down 70.9% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 7.4% year-on-year.

At the end of the reporting period, it had 7.1 billion yuan in total assets and 5.1 billion yuan in total liabilities, with a liability-to-asset ratio of 72.6%.