Longyan Zhuoyue New Energy Co.,Ltd.’s Net Profit Dropped 42.8% in First Half of 2023

Longyan Zhuoyue New Energy Co.,Ltd. (龙岩卓越新能源股份有限公司) (688196.SH) reported a net profit of 151.7 million yuan in the first half of 2023, down 42.8% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 19.1% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 447.4 million yuan in total liabilities, with a liability-to-asset ratio of 14%.