Nuode New Materials Co.,Ltd.’s Net Profit Dropped 48.1% in First Half of 2023

Nuode New Materials Co.,Ltd. (诺德新材料股份有限公司) (600110.SH) reported a net profit of 105.4 million yuan in the first half of 2023, down 48.1% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, up 9.1% year-on-year.

At the end of the reporting period, it had 14.1 billion yuan in total assets and 6.2 billion yuan in total liabilities, with a liability-to-asset ratio of 44%.