Yantai Zhenghai Magnetic Material Co.,Ltd.’s Net Profit Rose 65.7% in First Three Quarters of 2022

Yantai Zhenghai Magnetic Material Co.,Ltd. (烟台正海磁性材料股份有限公司) (300224.SZ) reported a net profit of 307.6 million yuan in the first three quarters of 2022, up 65.7% year-on-year.

Meanwhile, the company posted 4.6 billion yuan in revenue, up 89.8% year-on-year.

At the end of the reporting period, it had 7.1 billion yuan in total assets and 4 billion yuan in total liabilities, with a liability-to-asset ratio of 55.7%.