Jiuzhitang Co.,Ltd.’s Net Profit Dropped 33.5% in First Half of 2023

Jiuzhitang Co.,Ltd. (九芝堂股份有限公司) (000989.SZ) reported a net profit of 243.9 million yuan in the first half of 2023, down 33.5% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 3.7% year-on-year.

At the end of the reporting period, it had 5.5 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 29%.