Tayho Advanced Materials Group Co.,Ltd.’s Net Profit Dropped 3.1% in First Quarter of 2023

Tayho Advanced Materials Group Co.,Ltd. (泰和新材集团股份有限公司) (002254.SZ) reported a net profit of 160.6 million yuan in the first quarter of 2023, down 3.1% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 4.1% year-on-year.

At the end of the reporting period, it had 12.9 billion yuan in total assets and 5.1 billion yuan in total liabilities, with a liability-to-asset ratio of 39.9%.