Jiangsu Huachang Chemical Co.,Ltd.’s Net Profit Dropped 47.9% in First Three Quarters of 2022

Jiangsu Huachang Chemical Co.,Ltd. (江苏华昌化工股份有限公司) (002274.SZ) reported a net profit of 746.1 million yuan in the first three quarters of 2022, down 47.9% year-on-year.

Meanwhile, the company posted 7.1 billion yuan in revenue, down 1% year-on-year.

At the end of the reporting period, it had 8.3 billion yuan in total assets and 3.3 billion yuan in total liabilities, with a liability-to-asset ratio of 40.1%.