Earth-Panda Advanced Magnetic Material Co.,Ltd.’s Net Profit Dropped 1.6% in 2022

Earth-Panda Advanced Magnetic Material Co.,Ltd. (安徽大地熊新材料股份有限公司) (688077.SH) reported a net profit of 150.1 million yuan in 2022, down 1.6% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, up 28.1% year-on-year.

At the end of the reporting period, it had 2.8 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 56.9%.