Guilin Layn Natural Ingredients Corp.’s Net Profit Dropped 68.8% in First Half of 2023

Guilin Layn Natural Ingredients Corp. (桂林莱茵生物科技股份有限公司) (002166.SZ) reported a net profit of 43.5 million yuan in the first half of 2023, down 68.8% year-on-year.

Meanwhile, the company posted 512.2 million yuan in revenue, down 20.2% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 30.9%.