Xinxiang Chemical Fiber Co.,Ltd.’s Net Profit Dropped 86.8% in First Quarter of 2022

Xinxiang Chemical Fiber Co.,Ltd. (新乡化纤股份有限公司) (000949.SZ) reported a net profit of 40.9 million yuan in the first quarter of 2022, down 86.8% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, up 10.7% year-on-year.

At the end of the reporting period, it had 11.8 billion yuan in total assets and 5.5 billion yuan in total liabilities, with a liability-to-asset ratio of 46.9%.