Jiangsu Huachang Chemical Co.,Ltd.’s Net Profit Dropped 16.2% in First Quarter of 2023

Jiangsu Huachang Chemical Co.,Ltd. (江苏华昌化工股份有限公司) (002274.SZ) reported a net profit of 202.7 million yuan in the first quarter of 2023, down 16.2% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, down 13.9% year-on-year.

At the end of the reporting period, it had 8.4 billion yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 36.9%.