Jiang Xi Chenguang New Materials Co.,Limited.’s Net Profit Dropped 82.6% in First Half of 2023

Jiang Xi Chenguang New Materials Co.,Limited. (江西晨光新材料股份有限公司) (605399.SH) reported a net profit of 71.2 million yuan in the first half of 2023, down 82.6% year-on-year.

Meanwhile, the company posted 565.5 million yuan in revenue, down 48.4% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 440.7 million yuan in total liabilities, with a liability-to-asset ratio of 16.9%.