Shandong Lubei Chemical Co.,Ltd.’s Net Profit Dropped 46% in First Half of 2022

Shandong Lubei Chemical Co.,Ltd. (山东鲁北化工股份有限公司) (600727.SH) reported a net profit of 169.9 million yuan in the first half of 2022, down 46% year-on-year.

Meanwhile, the company posted 2.8 billion yuan in revenue, up 33% year-on-year.

At the end of the reporting period, it had 7.1 billion yuan in total assets and 3.8 billion yuan in total liabilities, with a liability-to-asset ratio of 52.9%.