Lier Chemical's net profits in Q1 2022 up 142% year-on-year

Date:04-12-2022

On 6th April, Lier Chemical announced its business performance for the first quarter of 2022. Due to higher product sales and rising prices, its operating income in the first quarter of 2022 was RMB2.613 billion, a rise of 76.32% year-on-year, while its net profit attributable to shareholders was RMB534 million, up 142.02% year-on-year.

In 2021, the total operating income of Lier Chemical was RMB6,494,251,256.27, an increase of 30.70% year-on-year, while its net profit attributable to shareholders was RMB1,072,386,632.75, a rise of 75.17% year-on-year.

According to the announcement, the total value of assets of Lier Chemical was RMB11.2 billion, an increase of 9.49% since the start of the reporting period.