Rianlon Corporation’s Net Profit Dropped 34.8% in First Half of 2023

Rianlon Corporation (天津利安隆新材料股份有限公司) (300596.SZ) reported a net profit of 179.1 million yuan in the first half of 2023, down 34.8% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, up 10.5% year-on-year.

At the end of the reporting period, it had 8.2 billion yuan in total assets and 4.2 billion yuan in total liabilities, with a liability-to-asset ratio of 50.7%.