Jiangsu Changhai Composite Materials Co.,Ltd.’s Net Profit Dropped 50.9% in First Half of 2023

Jiangsu Changhai Composite Materials Co.,Ltd. (江苏长海复合材料股份有限公司) (300196.SZ) reported a net profit of 210.2 million yuan in the first half of 2023, down 50.9% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 14.9% year-on-year.

At the end of the reporting period, it had 6 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 27.4%.