Jiangsu Chengxing Phosph-Chemicals Co.,Ltd.’s Net Profit Dropped 57.1% in First Quarter of 2023

Jiangsu Chengxing Phosph-Chemicals Co.,Ltd. (江苏澄星磷化工股份有限公司) (600078.SH) reported a net profit of 55.4 million yuan in the first quarter of 2023, down 57.1% year-on-year.

Meanwhile, the company posted 811.8 million yuan in revenue, down 20.6% year-on-year.

At the end of the reporting period, it had 5.4 billion yuan in total assets and 3 billion yuan in total liabilities, with a liability-to-asset ratio of 55.1%.