Hubei Xingfa Chemicals Group Co.,Ltd.’s Net Profit Rose 249.4% in First Half of 2022

Hubei Xingfa Chemicals Group Co.,Ltd. (湖北兴发化工集团股份有限公司) (600141.SH) reported a net profit of 4.4 billion yuan in the first half of 2022, up 249.4% year-on-year.

Meanwhile, the company posted 17.3 billion yuan in revenue, up 74.4% year-on-year.

At the end of the reporting period, it had 38.5 billion yuan in total assets and 19.3 billion yuan in total liabilities, with a liability-to-asset ratio of 50.1%.