Shandong Lubei Chemical Co.,Ltd.’s Net Profit Dropped 74.5% in First Three Quarters of 2022

Shandong Lubei Chemical Co.,Ltd. (山东鲁北化工股份有限公司) (600727.SH) reported a net profit of 120.5 million yuan in the first three quarters of 2022, down 74.5% year-on-year.

Meanwhile, the company posted 4.1 billion yuan in revenue, up 26.6% year-on-year.

At the end of the reporting period, it had 7.5 billion yuan in total assets and 4.2 billion yuan in total liabilities, with a liability-to-asset ratio of 56%.