Phichem Corporation’s Net Profit Dropped 28.9% in First Three Quarters of 2023

Phichem Corporation (上海飞凯材料科技股份有限公司) (300398.SZ) reported a net profit of 233.5 million yuan in the first three quarters of 2023, down 28.9% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, down 9.5% year-on-year.

At the end of the reporting period, it had 6.6 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 39.3%.