Zhejiang Yangfan New Materials Co.,Ltd.’s Net Profit Dropped 18.3% in First Quarter of 2022

Zhejiang Yangfan New Materials Co.,Ltd. (浙江扬帆新材料股份有限公司) (300637.SZ) reported a net profit of 11.6 million yuan in the first quarter of 2022, down 18.3% year-on-year.

Meanwhile, the company posted 231 million yuan in revenue, up 39.2% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 675.3 million yuan in total liabilities, with a liability-to-asset ratio of 47%.