Ganzhou Tengyuan Cobalt New Material Co.,Ltd.’s Net Profit Dropped 85.2% in First Half of 2023

Ganzhou Tengyuan Cobalt New Material Co.,Ltd. (赣州腾远钴业新材料股份有限公司) (301219.SZ) reported a net profit of 80.8 million yuan in the first half of 2023, down 85.2% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, down 8.8% year-on-year.

At the end of the reporting period, it had 9.5 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 12%.