Lianyungang Donghai Silicon Powder Co.,Ltd.’s Net Profit Dropped 32.7% in First Quarter of 2023

Lianyungang Donghai Silicon Powder Co.,Ltd. (江苏联瑞新材料股份有限公司) (688300.SH) reported a net profit of 28.7 million yuan in the first quarter of 2023, down 32.7% year-on-year.

Meanwhile, the company posted 145 million yuan in revenue, down 18.3% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 290.2 million yuan in total liabilities, with a liability-to-asset ratio of 18.7%.