Swancor Advanced Materials Co.,Ltd.’s Net Profit Rose 569% in 2022

Swancor Advanced Materials Co.,Ltd. (上纬新材料科技股份有限公司) (688585.SH) reported a net profit of 84.1 million yuan in 2022, up 569% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 10.3% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 677.3 million yuan in total liabilities, with a liability-to-asset ratio of 37.1%.