Shenzhen Prince New Materials Co.,Ltd.’s Net Profit Dropped 24.9% in 2022

Shenzhen Prince New Materials Co.,Ltd. (深圳王子新材料股份有限公司) (002735.SZ) reported a net profit of 70.8 million yuan in 2022, down 24.9% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, up 0.9% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 47.2%.