Jihua Group Corporation Limited’s Net Profit Dropped 59.8% in First Half of 2023

Jihua Group Corporation Limited (际华集团股份有限公司) (601718.SH) reported a net profit of 70.1 million yuan in the first half of 2023, down 59.8% year-on-year.

Meanwhile, the company posted 5.3 billion yuan in revenue, down 39.3% year-on-year.

At the end of the reporting period, it had 26.7 billion yuan in total assets and 9.8 billion yuan in total liabilities, with a liability-to-asset ratio of 36.5%.