Sichuan Meifeng Chemical Industry Co.,Ltd.’s Net Profit Rose 224.9% in First Quarter of 2022

Sichuan Meifeng Chemical Industry Co.,Ltd. (四川美丰化工股份有限公司) (000731.SZ) reported a net profit of 196.9 million yuan in the first quarter of 2022, up 224.9% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 60.1% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 825 million yuan in total liabilities, with a liability-to-asset ratio of 17.8%.