Yueyang Xingchang Petro-Chemical Co.,Ltd. Posted 14.5 Million Yuan Net Profit in First Quarter of 2022

Yueyang Xingchang Petro-Chemical Co.,Ltd. (岳阳兴长石化股份有限公司) (000819.SZ) reported a net profit of 14.5 million yuan in the first quarter of 2022, reversing a net loss of 7.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 783.5 million yuan in revenue, up 157.8% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 163.4 million yuan in total liabilities, with a liability-to-asset ratio of 14.3%.