Kangda New Materials(Group) Co.,Ltd. Posted 29.4 Million Yuan Net Profit in First Half of 2023

Kangda New Materials(Group) Co.,Ltd. (康达新材料(集团)股份有限公司) (002669.SZ) reported a net profit of 29.4 million yuan in the first half of 2023, reversing a net loss of 14.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 17.8% year-on-year.

At the end of the reporting period, it had 5.9 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 46.3%.