Zhejiang Yangfan New Materials Co.,Ltd.’s Net Profit Dropped 14% in 2022

Zhejiang Yangfan New Materials Co.,Ltd. (浙江扬帆新材料股份有限公司) (300637.SZ) reported a net profit of 5.7 million yuan in 2022, down 14% year-on-year.

Meanwhile, the company posted 791.9 million yuan in revenue, up 9.9% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 632.1 million yuan in total liabilities, with a liability-to-asset ratio of 45.5%.