Qingdao Kingking Applied Chemistry Co.,Ltd.’s Net Profit Dropped 55.9% in First Three Quarters of 2022

Qingdao Kingking Applied Chemistry Co.,Ltd. (青岛金王应用化学股份有限公司) (002094.SZ) reported a net profit of 13 million yuan in the first three quarters of 2022, down 55.9% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, down 9.4% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 46.6%.