Shanghai Prosolar Resources Development Co.,Ltd.’s Net Profit Dropped 81.4% in First Quarter of 2023

Shanghai Prosolar Resources Development Co.,Ltd. (上海创兴资源开发股份有限公司) (600193.SH) reported a net profit of 1.6 million yuan in the first quarter of 2023, down 81.4% year-on-year.

Meanwhile, the company posted 29.6 million yuan in revenue, down 57.6% year-on-year.

At the end of the reporting period, it had 711.6 million yuan in total assets and 391.3 million yuan in total liabilities, with a liability-to-asset ratio of 55%.