Levima Advanced Materials Corporation’s Net Profit Dropped 60.2% in First Quarter of 2022

Levima Advanced Materials Corporation (联泓新材料科技股份有限公司) (003022.SZ) reported a net profit of 108.5 million yuan in the first quarter of 2022, down 60.2% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 13.7% year-on-year.

At the end of the reporting period, it had 11.8 billion yuan in total assets and 5.1 billion yuan in total liabilities, with a liability-to-asset ratio of 43.2%.