Xtc New Energy Materials(Xiamen) Co.,Ltd.’s Net Profit Dropped 54% in First Half of 2023

Xtc New Energy Materials(Xiamen) Co.,Ltd. (厦门厦钨新能源材料股份有限公司) (688778.SH) reported a net profit of 255.3 million yuan in the first half of 2023, down 54% year-on-year.

Meanwhile, the company posted 8.1 billion yuan in revenue, down 44.3% year-on-year.

At the end of the reporting period, it had 12.9 billion yuan in total assets and 4.3 billion yuan in total liabilities, with a liability-to-asset ratio of 33.7%.