Lianhe Chemical Technology Co.,Ltd.’s Net Profit Dropped 12.5% in First Quarter of 2022

Lianhe Chemical Technology Co.,Ltd. (联化科技股份有限公司) (002250.SZ) reported a net profit of 76.5 million yuan in the first quarter of 2022, down 12.5% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 18.5% year-on-year.

At the end of the reporting period, it had 12.9 billion yuan in total assets and 6.5 billion yuan in total liabilities, with a liability-to-asset ratio of 50.2%.