Zibo Qixiangtengda Chemical Co.,Ltd.’s Net Profit Dropped 75.6% in 2022

Zibo Qixiangtengda Chemical Co.,Ltd. (淄博齐翔腾达化工股份有限公司) (002408.SZ) reported a net profit of 597.6 million yuan in 2022, down 75.6% year-on-year.

Meanwhile, the company posted 29.8 billion yuan in revenue, down 14.6% year-on-year.

At the end of the reporting period, it had 29 billion yuan in total assets and 14.9 billion yuan in total liabilities, with a liability-to-asset ratio of 51.4%.