Huzhou Times New Materials Technology Co.,Ltd.’s Net Profit Dropped 15.8% in First Half of 2022

Huzhou Times New Materials Technology Co.,Ltd. (株洲时代新材料科技股份有限公司) (600458.SH) reported a net profit of 129 million yuan in the first half of 2022, down 15.8% year-on-year.

Meanwhile, the company posted 7.1 billion yuan in revenue, down 6.5% year-on-year.

At the end of the reporting period, it had 17.4 billion yuan in total assets and 11.7 billion yuan in total liabilities, with a liability-to-asset ratio of 67.3%.