Xinxiang Chemical Fiber Co.,Ltd.’s Net Profit Dropped 98.7% in First Half of 2022

Xinxiang Chemical Fiber Co.,Ltd. (新乡化纤股份有限公司) (000949.SZ) reported a net profit of 9.4 million yuan in the first half of 2022, down 98.7% year-on-year.

Meanwhile, the company posted 4 billion yuan in revenue, down 3.8% year-on-year.

At the end of the reporting period, it had 12 billion yuan in total assets and 5.9 billion yuan in total liabilities, with a liability-to-asset ratio of 49.2%.