According to the Zhitong Finance App, Liuhua Co., Ltd. (600423.SH) released its report for the first quarter of 2023, achieving revenue of 294.35,800 yuan, a year-on-year decrease of 11.31%. Net profit attributable to shareholders of listed companies was 2.02 million yuan, a year-on-year decrease of 39.39%. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 2,047,400 yuan, a year-on-year decrease of 39.47%.

The decline in profit was mainly due to the 27.5% hydrogen peroxide market slump in the current period. The decline in sales prices compared to the same period last year caused profit margins to be compressed.