Jiangsu Huachang Chemical Co.,Ltd.’s Net Profit Dropped 23.8% in First Quarter of 2022

Jiangsu Huachang Chemical Co.,Ltd. (江苏华昌化工股份有限公司) (002274.SZ) reported a net profit of 241.8 million yuan in the first quarter of 2022, down 23.8% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, up 15.5% year-on-year.

At the end of the reporting period, it had 8.5 billion yuan in total assets and 3.9 billion yuan in total liabilities, with a liability-to-asset ratio of 45.6%.