Shanghai Hongda New Material Co.,Ltd. Posted 39.6 Million Yuan Net Profit in 2022

Shanghai Hongda New Material Co.,Ltd. (上海宏达新材料股份有限公司) (002211.SZ) reported a net profit of 39.6 million yuan in 2022, reversing a net loss of 337.9 million yuan for the previous year.

Meanwhile, the company posted 364.6 million yuan in revenue, down 34.2% year-on-year.

At the end of the reporting period, it had 345.1 million yuan in total assets and 252.4 million yuan in total liabilities, with a liability-to-asset ratio of 73.2%.