China Tungsten And Hightech Materials Co.,Ltd.’s Net Profit Dropped 5.9% in First Half of 2023

China Tungsten And Hightech Materials Co.,Ltd. (中钨高新材料股份有限公司) (000657.SZ) reported a net profit of 280.1 million yuan in the first half of 2023, down 5.9% year-on-year.

Meanwhile, the company posted 6.5 billion yuan in revenue, down 3.5% year-on-year.

At the end of the reporting period, it had 12.7 billion yuan in total assets and 6.4 billion yuan in total liabilities, with a liability-to-asset ratio of 50.3%.