Lianhe Chemical Technology Co.,Ltd.’s Net Profit Dropped 78% in First Half of 2023

Lianhe Chemical Technology Co.,Ltd. (联化科技股份有限公司) (002250.SZ) reported a net profit of 49.3 million yuan in the first half of 2023, down 78% year-on-year.

Meanwhile, the company posted 3.7 billion yuan in revenue, down 1% year-on-year.

At the end of the reporting period, it had 14.7 billion yuan in total assets and 7.4 billion yuan in total liabilities, with a liability-to-asset ratio of 50.6%.