Qifeng New Material Co.,Ltd.’s Net Profit Dropped 97.3% in First Three Quarters of 2022

Qifeng New Material Co.,Ltd. (齐峰新材料股份有限公司) (002521.SZ) reported a net profit of 4.2 million yuan in the first three quarters of 2022, down 97.3% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, down 14% year-on-year.

At the end of the reporting period, it had 4.9 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 26.9%.