Befar Group Co.,Ltd.’s Net Profit Dropped 24.5% in First Quarter of 2022

Befar Group Co.,Ltd. (滨化集团股份有限公司) (601678.SH) reported a net profit of 374.2 million yuan in the first quarter of 2022, down 24.5% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, up 5.8% year-on-year.

At the end of the reporting period, it had 18.1 billion yuan in total assets and 7.2 billion yuan in total liabilities, with a liability-to-asset ratio of 39.8%.