Xinjiang Xuefeng Sci-Tech(Group) Co.,Ltd.’s Net Profit Dropped 36.9% in First Half of 2023

Xinjiang Xuefeng Sci-Tech(Group) Co.,Ltd. (新疆雪峰科技(集团)股份有限公司) (603227.SH) reported a net profit of 545.3 million yuan in the first half of 2023, down 36.9% year-on-year.

Meanwhile, the company posted 3.7 billion yuan in revenue, down 1.2% year-on-year.

At the end of the reporting period, it had 8 billion yuan in total assets and 3 billion yuan in total liabilities, with a liability-to-asset ratio of 37.9%.