Phichem Corporation’s Net Profit Dropped 28.8% in First Half of 2023

Phichem Corporation (上海飞凯材料科技股份有限公司) (300398.SZ) reported a net profit of 184.3 million yuan in the first half of 2023, down 28.8% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 19.9% year-on-year.

At the end of the reporting period, it had 6.5 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 38.7%.