Shandong Dongyue Organosilicon Materials Co.,Ltd.’s Net Profit Dropped 55.6% in 2022

Shandong Dongyue Organosilicon Materials Co.,Ltd. (山东东岳有机硅材料股份有限公司) (300821.SZ) reported a net profit of 511 million yuan in 2022, down 55.6% year-on-year.

Meanwhile, the company posted 6.7 billion yuan in revenue, up 55.4% year-on-year.

At the end of the reporting period, it had 7.4 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 29.3%.