Tayho Advanced Materials Group Co.,Ltd.’s Net Profit Dropped 36.3% in First Half of 2022

Tayho Advanced Materials Group Co.,Ltd. (泰和新材集团股份有限公司) (002254.SZ) reported a net profit of 333.2 million yuan in the first half of 2022, down 36.3% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, down 8.2% year-on-year.

At the end of the reporting period, it had 8.7 billion yuan in total assets and 4.3 billion yuan in total liabilities, with a liability-to-asset ratio of 48.8%.