Hangzhou First Applied Material Co.,Ltd.’s Net Profit Dropped 16.2% in First Half of 2023

Hangzhou First Applied Material Co.,Ltd. (杭州福斯特应用材料股份有限公司) (603806.SH) reported a net profit of 885.5 million yuan in the first half of 2023, down 16.2% year-on-year.

Meanwhile, the company posted 10.6 billion yuan in revenue, up 17.8% year-on-year.

At the end of the reporting period, it had 21.5 billion yuan in total assets and 6.8 billion yuan in total liabilities, with a liability-to-asset ratio of 31.4%.