Gripm Advanced Materials Co.,Ltd.’s Net Profit Dropped 7.3% in First Half of 2023

Gripm Advanced Materials Co.,Ltd. (有研粉末新材料股份有限公司) (688456.SH) reported a net profit of 30.8 million yuan in the first half of 2023, down 7.3% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 19% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 408 million yuan in total liabilities, with a liability-to-asset ratio of 26.2%.