Skshu Paint Co.,Ltd. Posted 310 Million Yuan Net Profit in 2022

Skshu Paint Co.,Ltd. (三棵树涂料股份有限公司) (603737.SH) reported a net profit of 310 million yuan in 2022, reversing a net loss of 396.3 million yuan for the previous year.

Meanwhile, the company posted 11.3 billion yuan in revenue, down 0.8% year-on-year.

At the end of the reporting period, it had 13.7 billion yuan in total assets and 11.3 billion yuan in total liabilities, with a liability-to-asset ratio of 82%.