Fangda Carbon New Material Co.,Ltd.’s Net Profit Dropped 71.8% in First Quarter of 2022

Fangda Carbon New Material Co.,Ltd. (方大炭素新材料科技股份有限公司) (600516.SH) reported a net profit of 39.7 million yuan in the first quarter of 2022, down 71.8% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 23.5% year-on-year.

At the end of the reporting period, it had 18.9 billion yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 16.5%.