Jiangsu Jiangnan High Polymer Fiber Co.,Ltd.’s Net Profit Dropped 50.3% in First Quarter of 2023

Jiangsu Jiangnan High Polymer Fiber Co.,Ltd. (江苏江南高纤股份有限公司) (600527.SH) reported a net profit of 8 million yuan in the first quarter of 2023, down 50.3% year-on-year.

Meanwhile, the company posted 157.6 million yuan in revenue, down 17.3% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 119.2 million yuan in total liabilities, with a liability-to-asset ratio of 4.8%.