Grinm Advanced Materials Co.,Ltd.’s Net Profit Dropped 76.9% in First Half of 2023

Grinm Advanced Materials Co.,Ltd. (有研新材料股份有限公司) (600206.SH) reported a net profit of 45.6 million yuan in the first half of 2023, down 76.9% year-on-year.

Meanwhile, the company posted 5.6 billion yuan in revenue, down 23.7% year-on-year.

At the end of the reporting period, it had 5.8 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 32.8%.