Hunan Yuneng New Energy Battery Material Co.,Ltd.’s Net Profit Dropped 24.2% in First Half of 2023

Hunan Yuneng New Energy Battery Material Co.,Ltd. (湖南裕能新能源电池材料股份有限公司) (301358.SZ) reported a net profit of 1.2 billion yuan in the first half of 2023, down 24.2% year-on-year.

Meanwhile, the company posted 23.2 billion yuan in revenue, up 64.5% year-on-year.

At the end of the reporting period, it had 27.5 billion yuan in total assets and 16.6 billion yuan in total liabilities, with a liability-to-asset ratio of 60.1%.