Fangda Carbon New Material Co.,Ltd.’s Net Profit Dropped 31.4% in First Half of 2022

Fangda Carbon New Material Co.,Ltd. (方大炭素新材料科技股份有限公司) (600516.SH) reported a net profit of 358.6 million yuan in the first half of 2022, down 31.4% year-on-year.

Meanwhile, the company posted 2.7 billion yuan in revenue, up 13% year-on-year.

At the end of the reporting period, it had 20.1 billion yuan in total assets and 3.9 billion yuan in total liabilities, with a liability-to-asset ratio of 19.6%.