Hubei Yihua Chemical Industry Co.,Ltd.’s Net Profit Dropped 63.4% in First Quarter of 2023

Hubei Yihua Chemical Industry Co.,Ltd. (湖北宜化化工股份有限公司) (000422.SZ) reported a net profit of 278.5 million yuan in the first quarter of 2023, down 63.4% year-on-year.

Meanwhile, the company posted 4.7 billion yuan in revenue, down 14.6% year-on-year.

At the end of the reporting period, it had 20 billion yuan in total assets and 13 billion yuan in total liabilities, with a liability-to-asset ratio of 64.7%.