Jiangsu Huachang Chemical Co.,Ltd.’s Net Profit Dropped 52.3% in First Half of 2023

Jiangsu Huachang Chemical Co.,Ltd. (江苏华昌化工股份有限公司) (002274.SZ) reported a net profit of 332 million yuan in the first half of 2023, down 52.3% year-on-year.

Meanwhile, the company posted 4.1 billion yuan in revenue, down 19.2% year-on-year.

At the end of the reporting period, it had 8 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 35.2%.