Phichem Corporation’s Net Profit Rose 92.5% in First Quarter of 2022

Phichem Corporation (上海飞凯材料科技股份有限公司) (300398.SZ) reported a net profit of 140 million yuan in the first quarter of 2022, up 92.5% year-on-year.

Meanwhile, the company posted 865.4 million yuan in revenue, up 53.7% year-on-year.

At the end of the reporting period, it had 6.1 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 42.4%.