Zhejiang Jiahua Energy Chemical Industry Co.,Ltd.’s Net Profit Dropped 39% in First Half of 2023

Zhejiang Jiahua Energy Chemical Industry Co.,Ltd. (浙江嘉化能源化工股份有限公司) (600273.SH) reported a net profit of 625.9 million yuan in the first half of 2023, down 39% year-on-year.

Meanwhile, the company posted 4.5 billion yuan in revenue, down 27.6% year-on-year.

At the end of the reporting period, it had 11.8 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 17.7%.