Zhejiang Huazheng New Material Co.,Ltd.’s Net Profit Dropped 70.5% in First Three Quarters of 2022

Zhejiang Huazheng New Material Co.,Ltd. (浙江华正新材料股份有限公司) (603186.SH) reported a net profit of 64.4 million yuan in the first three quarters of 2022, down 70.5% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, down 11.2% year-on-year.

At the end of the reporting period, it had 5.3 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 67.6%.