Shanghai Chlor-Alkali Chemical Co.,Ltd.’s Net Profit Dropped 57.5% in First Quarter of 2023

Shanghai Chlor-Alkali Chemical Co.,Ltd. (上海氯碱化工股份有限公司) (600618.SH) reported a net profit of 205.1 million yuan in the first quarter of 2023, down 57.5% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 16.4% year-on-year.

At the end of the reporting period, it had 11.7 billion yuan in total assets and 3.2 billion yuan in total liabilities, with a liability-to-asset ratio of 27.6%.