Shanghai Chemspec Corporation’s Net Profit Dropped 20.9% in First Three Quarters of 2023

Shanghai Chemspec Corporation (上海康鹏科技股份有限公司) (688602.SH) reported a net profit of 113.3 million yuan in the first three quarters of 2023, down 20.9% year-on-year.

Meanwhile, the company posted 794.9 million yuan in revenue, down 18.2% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 561.9 million yuan in total liabilities, with a liability-to-asset ratio of 16.8%.