Zhejiang Yongqiang Group Co.,Ltd.’s Net Profit Dropped 48.2% in First Half of 2022

Zhejiang Yongqiang Group Co.,Ltd. (浙江永强集团股份有限公司) (002489.SZ) reported a net profit of 237.2 million yuan in the first half of 2022, down 48.2% year-on-year.

Meanwhile, the company posted 4.9 billion yuan in revenue, up 17.1% year-on-year.

At the end of the reporting period, it had 8 billion yuan in total assets and 4.4 billion yuan in total liabilities, with a liability-to-asset ratio of 54.5%.