Hubei Huitian New Materials Co.,Ltd.’s Net Profit Rose 29.1% in 2022

Hubei Huitian New Materials Co.,Ltd. (湖北回天新材料股份有限公司) (300041.SZ) reported a net profit of 290.4 million yuan in 2022, up 29.1% year-on-year.

Meanwhile, the company posted 3.7 billion yuan in revenue, up 25.7% year-on-year.

At the end of the reporting period, it had 6 billion yuan in total assets and 3.3 billion yuan in total liabilities, with a liability-to-asset ratio of 54.5%.