Jiangsu Sanfame Polyester Material Co.,Ltd.’s Net Profit Dropped 73.6% in First Quarter of 2023

Jiangsu Sanfame Polyester Material Co.,Ltd. (江苏三房巷聚材股份有限公司) (600370.SH) reported a net profit of 102 million yuan in the first quarter of 2023, down 73.6% year-on-year.

Meanwhile, the company posted 5 billion yuan in revenue, down 7.1% year-on-year.

At the end of the reporting period, it had 16.3 billion yuan in total assets and 9 billion yuan in total liabilities, with a liability-to-asset ratio of 55.4%.