Tayho Advanced Materials Group Co.,Ltd.’s Net Profit Dropped 56.9% in 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 484.8 million yuan in 2022, down 56.9% year-on-year.

Meanwhile, the company posted 3.8 billion yuan in revenue, down 14.8% year-on-year.

At the end of the reporting period, it had 10 billion yuan in total assets and 5.4 billion yuan in total liabilities, with a liability-to-asset ratio of 54.1%.