Zhejiang Xinan Chemical Industrial Group Co.,Ltd.’s Net Profit Dropped 93.9% in First Half of 2023

Zhejiang Xinan Chemical Industrial Group Co.,Ltd. (浙江新安化工集团股份有限公司) (600596.SH) reported a net profit of 146.1 million yuan in the first half of 2023, down 93.9% year-on-year.

Meanwhile, the company posted 8.5 billion yuan in revenue, down 36.5% year-on-year.

At the end of the reporting period, it had 20.1 billion yuan in total assets and 8.1 billion yuan in total liabilities, with a liability-to-asset ratio of 40.4%.