Swancor Advanced Materials Co.,Ltd. Posted 57.7 Million Yuan Net Profit in First Three Quarters of 2022

Swancor Advanced Materials Co.,Ltd. (上纬新材料科技股份有限公司) (688585.SH) reported a net profit of 57.7 million yuan in the first three quarters of 2022, reversing a net loss of 6.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 4.1% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 696.3 million yuan in total liabilities, with a liability-to-asset ratio of 38.5%.