Zhejiang Huazheng New Material Co.,Ltd.’s Net Profit Dropped 83.1% in 2022

Zhejiang Huazheng New Material Co.,Ltd. (浙江华正新材料股份有限公司) (603186.SH) reported a net profit of 40.6 million yuan in 2022, down 83.1% year-on-year.

Meanwhile, the company posted 3.3 billion yuan in revenue, down 9.2% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 3.9 billion yuan in total liabilities, with a liability-to-asset ratio of 69.9%.