Zhejiang Yongqiang Group Co.,Ltd.’s Net Profit Dropped 70.4% in First Three Quarters of 2022

Zhejiang Yongqiang Group Co.,Ltd. (浙江永强集团股份有限公司) (002489.SZ) reported a net profit of 101.5 million yuan in the first three quarters of 2022, down 70.4% year-on-year.

Meanwhile, the company posted 5.5 billion yuan in revenue, up 9.2% year-on-year.

At the end of the reporting period, it had 7.5 billion yuan in total assets and 4.2 billion yuan in total liabilities, with a liability-to-asset ratio of 55.4%.