Hubei Yihua Chemical Industry Co.,Ltd.’s Net Profit Rose 203.5% in First Quarter of 2022

Hubei Yihua Chemical Industry Co.,Ltd. (湖北宜化化工股份有限公司) (000422.SZ) reported a net profit of 761.4 million yuan in the first quarter of 2022, up 203.5% year-on-year.

Meanwhile, the company posted 5.5 billion yuan in revenue, up 55.1% year-on-year.

At the end of the reporting period, it had 20.2 billion yuan in total assets and 15.9 billion yuan in total liabilities, with a liability-to-asset ratio of 78.5%.