Tianjin You Fa Steel Pipe Group Stock Co.,Ltd.’s Net Profit Dropped 62.3% in 2022

Tianjin You Fa Steel Pipe Group Stock Co.,Ltd. (天津友发钢管集团股份有限公司) (601686.SH) reported a net profit of 218.6 million yuan in 2022, down 62.3% year-on-year.

Meanwhile, the company posted 67.4 billion yuan in revenue, up 0.7% year-on-year.

At the end of the reporting period, it had 16.8 billion yuan in total assets and 9.4 billion yuan in total liabilities, with a liability-to-asset ratio of 56%.