Lier: Net profitis expected to be 260 million to ￥280 million in the first quarter of 2023

Lier Chemical on April 3 released the first quarter of 2023 performance forecast, the netprofit attributable to shareholders of listed companies is expected to be 260million yuan to 280 million yuan, a year-on-year decline of 51.34% to 47.60%. Net profit attributable to shareholders of listed companies after deducting non-recurring gains and losseswas 260 million yuan to 280 million yuan, down 50.77% to 46.99% year-on-year.

The announcement showed that during thereporting period, the company's core product  ammonium industry competition intensified, resulting in Glufosinate ammoniumsales price decreased significantly year-on-year, affecting the company's operating performance in the first quarter year-on-year decline.