Qingdao Kingking Applied Chemistry Co.,Ltd.’s Net Profit Dropped 16% in First Quarter of 2022

Qingdao Kingking Applied Chemistry Co.,Ltd. (青岛金王应用化学股份有限公司) (002094.SZ) reported a net profit of 6.1 million yuan in the first quarter of 2022, down 16% year-on-year.

Meanwhile, the company posted 945.1 million yuan in revenue, down 3.8% year-on-year.

At the end of the reporting period, it had 4.7 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 47.5%.