Tayho Advanced Materials Group Co.,Ltd.’s Net Profit Dropped 60.3% in First Three Quarters of 2022

Tayho Advanced Materials Group Co.,Ltd. (泰和新材集团股份有限公司) (002254.SZ) reported a net profit of 345.3 million yuan in the first three quarters of 2022, down 60.3% year-on-year.

Meanwhile, the company posted 2.8 billion yuan in revenue, down 14.6% year-on-year.

At the end of the reporting period, it had 9.2 billion yuan in total assets and 4.7 billion yuan in total liabilities, with a liability-to-asset ratio of 51.5%.