Jiangsu Huachang Chemical Co.,Ltd.’s Net Profit Dropped 20% in First Half of 2022

Jiangsu Huachang Chemical Co.,Ltd. (江苏华昌化工股份有限公司) (002274.SZ) reported a net profit of 695.4 million yuan in the first half of 2022, down 20% year-on-year.

Meanwhile, the company posted 5.1 billion yuan in revenue, up 6.3% year-on-year.

At the end of the reporting period, it had 8.7 billion yuan in total assets and 3.8 billion yuan in total liabilities, with a liability-to-asset ratio of 44%.