Qifeng New Material Co.,Ltd.’s Net Profit Dropped 89.4% in First Half of 2022

Qifeng New Material Co.,Ltd. (齐峰新材料股份有限公司) (002521.SZ) reported a net profit of 16.2 million yuan in the first half of 2022, down 89.4% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 13.8% year-on-year.

At the end of the reporting period, it had 4.8 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 25.7%.