Wanhua Chemical Group Co.,Ltd.’s Net Profit Dropped 20.5% in First Quarter of 2023

Wanhua Chemical Group Co.,Ltd  (600309.SH -1.62%) reported a net profit of 4.4 billion yuan in the first quarter of 2023, down 20.5% year-on-year.

Meanwhile, the company posted 41.9 billion yuan in revenue, up 0.4% year-on-year.

At the end of the reporting period, it had 237.8 billion yuan in total assets and 152 billion yuan in total liabilities, with a liability-to-asset ratio of 63.9%.