Swancor Advanced Materials Co.,Ltd. Posted 36.5 Million Yuan Net Profit in First Half of 2022

Swancor Advanced Materials Co.,Ltd. (上纬新材料科技股份有限公司) (688585.SH) reported a net profit of 36.5 million yuan in the first half of 2022, reversing a net loss of 2.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 1 billion yuan in revenue, down 2.4% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 650.4 million yuan in total liabilities, with a liability-to-asset ratio of 37.4%.