Anhui Wanwei Updated High-Tech Material Industry Company Limited’s Net Profit Dropped 64.5% in First Half of 2023

Anhui Wanwei Updated High-Tech Material Industry Company Limited (安徽皖维高新材料股份有限公司) (600063.SH) reported a net profit of 343.7 million yuan in the first half of 2023, down 64.5% year-on-year.

Meanwhile, the company posted 4.6 billion yuan in revenue, down 9.9% year-on-year.

At the end of the reporting period, it had 14.4 billion yuan in total assets and 6.6 billion yuan in total liabilities, with a liability-to-asset ratio of 45.8%.