Qingdao Kingking Applied Chemistry Co.,Ltd.’s Net Profit Rose 229.6% in First Quarter of 2023

Qingdao Kingking Applied Chemistry Co.,Ltd. (青岛金王应用化学股份有限公司) (002094.SZ) reported a net profit of 20.2 million yuan in the first quarter of 2023, up 229.6% year-on-year.

Meanwhile, the company posted 789.5 million yuan in revenue, down 16.5% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 54.2%.