Ningbo Xianfeng New Material Co.,Ltd.’s Net Profit Dropped 34.3% in First Half of 2022

Ningbo Xianfeng New Material Co.,Ltd. (宁波先锋新材料股份有限公司) (300163.SZ) reported a net profit of 4.5 million yuan in the first half of 2022, down 34.3% year-on-year.

Meanwhile, the company posted 177.2 million yuan in revenue, up 7.2% year-on-year.

At the end of the reporting period, it had 666.8 million yuan in total assets and 67.8 million yuan in total liabilities, with a liability-to-asset ratio of 10.2%.