Hubei Xingfa Chemicals Group Co.,Ltd.’s Net Profit Rose 43.6% in 2022

Hubei Xingfa Chemicals Group Co.,Ltd. (湖北兴发化工集团股份有限公司) (600141.SH) reported a net profit of 6.8 billion yuan in 2022, up 43.6% year-on-year.

Meanwhile, the company posted 30.3 billion yuan in revenue, up 26.8% year-on-year.

At the end of the reporting period, it had 41.6 billion yuan in total assets and 20.3 billion yuan in total liabilities, with a liability-to-asset ratio of 48.7%.