Jiangsu Huachang Chemical Co.,Ltd.’s Net Profit Dropped 38.5% in First Three Quarters of 2023

Jiangsu Huachang Chemical Co.,Ltd. (江苏华昌化工股份有限公司) (002274.SZ) reported a net profit of 459.1 million yuan in the first three quarters of 2023, down 38.5% year-on-year.

Meanwhile, the company posted 6 billion yuan in revenue, down 15.6% year-on-year.

At the end of the reporting period, it had 7.9 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 32.7%.