Swancor Advanced Materials Co.,Ltd.’s Net Profit Dropped 12.3% in First Half of 2023

Swancor Advanced Materials Co.,Ltd. (上纬新材料科技股份有限公司) (688585.SH) reported a net profit of 32 million yuan in the first half of 2023, down 12.3% year-on-year.

Meanwhile, the company posted 649.9 million yuan in revenue, down 34% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 411.4 million yuan in total liabilities, with a liability-to-asset ratio of 25.9%.