Fangda Carbon New Material Co.,Ltd.’s Net Profit Dropped 16.3% in 2022

Fangda Carbon New Material Co.,Ltd. (方大炭素新材料科技股份有限公司) (600516.SH) reported a net profit of 933.6 million yuan in 2022, down 16.3% year-on-year.

Meanwhile, the company posted 5.3 billion yuan in revenue, up 14.4% year-on-year.

At the end of the reporting period, it had 20.2 billion yuan in total assets and 3.4 billion yuan in total liabilities, with a liability-to-asset ratio of 16.8%.