Hootech Inc.’s Net Profit Dropped 35.2% in First Half of 2023

Hootech Inc. (徐州浩通新材料科技股份有限公司) (301026.SZ) reported a net profit of 53.5 million yuan in the first half of 2023, down 35.2% year-on-year.

Meanwhile, the company posted 922.6 million yuan in revenue, down 46.1% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 601.8 million yuan in total liabilities, with a liability-to-asset ratio of 29.1%.