Tayho Advanced Materials Group Co.,Ltd.’s Net Profit Dropped 24.7% in First Half of 2023

Tayho Advanced Materials Group Co.,Ltd. (泰和新材集团股份有限公司) (002254.SZ) reported a net profit of 250.9 million yuan in the first half of 2023, down 24.7% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 0.5% year-on-year.

At the end of the reporting period, it had 13.3 billion yuan in total assets and 5.4 billion yuan in total liabilities, with a liability-to-asset ratio of 40.9%.