Tianjin You Fa Steel Pipe Group Stock Co.,Ltd.’s Net Profit Dropped 98.3% in First Three Quarters of 2022

Tianjin You Fa Steel Pipe Group Stock Co.,Ltd. (天津友发钢管集团股份有限公司) (601686.SH) reported a net profit of 9.7 million yuan in the first three quarters of 2022, down 98.3% year-on-year.

Meanwhile, the company posted 52.4 billion yuan in revenue, up 6% year-on-year.

At the end of the reporting period, it had 19.2 billion yuan in total assets and 11.9 billion yuan in total liabilities, with a liability-to-asset ratio of 62%.