Xiamen Yanjan New Material Co.,Ltd.’s Net Profit Dropped 8.5% in First Quarter of 2022

Xiamen Yanjan New Material Co.,Ltd. (厦门延江新材料股份有限公司) (300658.SZ) reported a net profit of 7.2 million yuan in the first quarter of 2022, down 8.5% year-on-year.

Meanwhile, the company posted 323.7 million yuan in revenue, up 9.1% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 53.1%.