Yangmei Chemical Co.,Ltd.’s Net Profit Dropped 27.1% in First Quarter of 2022

Yangmei Chemical Co.,Ltd. (阳煤化工股份有限公司) (600691.SH) reported a net profit of 108.6 million yuan in the first quarter of 2022, down 27.1% year-on-year.

Meanwhile, the company posted 4.7 billion yuan in revenue, up 7.4% year-on-year.

At the end of the reporting period, it had 23.8 billion yuan in total assets and 16.9 billion yuan in total liabilities, with a liability-to-asset ratio of 70.8%.