Highbroad Advanced Material(Hefei) Co.,Ltd.’s Net Profit Dropped 58% in First Three Quarters of 2022

Highbroad Advanced Material(Hefei) Co.,Ltd. (翰博高新材料(合肥)股份有限公司) (301321.SZ) reported a net profit of 49.5 million yuan in the first three quarters of 2022, down 58% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 9.5% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 56.4%.