Guangzhou Seagull Kitchen And Bath Products Co.,Ltd.’s Net Profit Dropped 92.3% in First Half of 2023

Guangzhou Seagull Kitchen And Bath Products Co.,Ltd. (广州海鸥住宅工业股份有限公司) (002084.SZ) reported a net profit of 2.7 million yuan in the first half of 2023, down 92.3% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 22.2% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 48.8%.