Yantai Zhenghai Magnetic Material Co.,Ltd.’s Net Profit Rose 15.7% in First Half of 2023

Yantai Zhenghai Magnetic Material Co.,Ltd. (烟台正海磁性材料股份有限公司) (300224.SZ) reported a net profit of 242.4 million yuan in the first half of 2023, up 15.7% year-on-year.

Meanwhile, the company posted 3.2 billion yuan in revenue, up 14.6% year-on-year.

At the end of the reporting period, it had 8.3 billion yuan in total assets and 4.5 billion yuan in total liabilities, with a liability-to-asset ratio of 54.6%.