Yantai Tayho Advanced Materials Co.,Ltd.’s Net Profit Dropped 20.4% in First Quarter of 2022

Yantai Tayho Advanced Materials Co.,Ltd. (烟台泰和新材料股份有限公司) (002254.SZ) reported a net profit of 165.8 million yuan in the first quarter of 2022, down 20.4% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 10.6% year-on-year.

At the end of the reporting period, it had 8.4 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 43.1%.