Guangzhou Tinci Materials Technology Co.,Ltd.’s Net Profit Dropped 58.6% in First Half of 2023

Guangzhou Tinci Materials Technology Co.,Ltd. (广州天赐高新材料股份有限公司) (002709.SZ) reported a net profit of 1.2 billion yuan in the first half of 2023, down 58.6% year-on-year.

Meanwhile, the company posted 8 billion yuan in revenue, down 22.9% year-on-year.

At the end of the reporting period, it had 24.3 billion yuan in total assets and 11.2 billion yuan in total liabilities, with a liability-to-asset ratio of 46%.