Hubei Xingfa Chemicals Group Co.,Ltd.’s Net Profit Rose 110.1% in First Three Quarters of 2022

Hubei Xingfa Chemicals Group Co.,Ltd. (湖北兴发化工集团股份有限公司) (600141.SH) reported a net profit of 5.8 billion yuan in the first three quarters of 2022, up 110.1% year-on-year.

Meanwhile, the company posted 24.9 billion yuan in revenue, up 48.3% year-on-year.

At the end of the reporting period, it had 41.2 billion yuan in total assets and 20.9 billion yuan in total liabilities, with a liability-to-asset ratio of 50.8%.