Shandong Lubei Chemical Co.,Ltd.’s Net Profit Dropped 85.4% in First Quarter of 2023

Shandong Lubei Chemical Co.,Ltd. (山东鲁北化工股份有限公司) (600727.SH) reported a net profit of 12.7 million yuan in the first quarter of 2023, down 85.4% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 18.3% year-on-year.

At the end of the reporting period, it had 7.9 billion yuan in total assets and 4.7 billion yuan in total liabilities, with a liability-to-asset ratio of 59.5%.