Nanjing Yunhai Special Metals Co.,Ltd.’s Net Profit Dropped 83% in First Quarter of 2023

Nanjing Yunhai Special Metals Co.,Ltd. (南京云海特种金属股份有限公司) (002182.SZ) reported a net profit of 56.5 million yuan in the first quarter of 2023, down 83% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 32.3% year-on-year.

At the end of the reporting period, it had 9.1 billion yuan in total assets and 4.4 billion yuan in total liabilities, with a liability-to-asset ratio of 48.6%.