Meihua Holdings Group Co.,Ltd.’s Net Profit Dropped 46.8% in First Half of 2023

Meihua Holdings Group Co.,Ltd. (梅花生物科技集团股份有限公司) (600873.SH) reported a net profit of 1.4 billion yuan in the first half of 2023, down 46.8% year-on-year.

Meanwhile, the company posted 13.6 billion yuan in revenue, down 4.4% year-on-year.

At the end of the reporting period, it had 24.4 billion yuan in total assets and 10.1 billion yuan in total liabilities, with a liability-to-asset ratio of 41.6%.