Qifeng New Material Co.,Ltd.’s Net Profit Rose 199.1% in First Half of 2023

Qifeng New Material Co.,Ltd. (齐峰新材料股份有限公司) (002521.SZ) reported a net profit of 48.5 million yuan in the first half of 2023, up 199.1% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 4.2% year-on-year.

At the end of the reporting period, it had 4.9 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 28.1%.