Shandong Weifang Rainbow Chemical Co.,Ltd.’s Net Profit Dropped 42.3% in First Three Quarters of 2023

Shandong Weifang Rainbow Chemical Co.,Ltd. (山东潍坊润丰化工股份有限公司) (301035.SZ) reported a net profit of 775.9 million yuan in the first three quarters of 2023, down 42.3% year-on-year.

Meanwhile, the company posted 8.5 billion yuan in revenue, down 28.5% year-on-year.

At the end of the reporting period, it had 14.2 billion yuan in total assets and 7.5 billion yuan in total liabilities, with a liability-to-asset ratio of 52.4%.