Hubei Xingfa Chemicals Group Co.,Ltd.’s Net Profit Dropped 83.2% in First Three Quarters of 2023

Hubei Xingfa Chemicals Group Co.,Ltd. (湖北兴发化工集团股份有限公司) (600141.SH) reported a net profit of 1 billion yuan in the first three quarters of 2023, down 83.2% year-on-year.

Meanwhile, the company posted 21.9 billion yuan in revenue, down 11.8% year-on-year.

At the end of the reporting period, it had 43.6 billion yuan in total assets and 22.2 billion yuan in total liabilities, with a liability-to-asset ratio of 51%.