Hongda Xingye Co.,Ltd.’s Net Profit Dropped 79.1% in First Three Quarters of 2022

Hongda Xingye Co.,Ltd. (鸿达兴业股份有限公司) (002002.SZ) reported a net profit of 283.4 million yuan in the first three quarters of 2022, down 79.1% year-on-year.

Meanwhile, the company posted 3.8 billion yuan in revenue, down 32.4% year-on-year.

At the end of the reporting period, it had 18 billion yuan in total assets and 7.6 billion yuan in total liabilities, with a liability-to-asset ratio of 42.6%.