Huzhou Times New Materials Technology Co.,Ltd.’s Net Profit Rose 31.5% in First Half of 2023

Huzhou Times New Materials Technology Co.,Ltd. (株洲时代新材料科技股份有限公司) (600458.SH) reported a net profit of 169.6 million yuan in the first half of 2023, up 31.5% year-on-year.

Meanwhile, the company posted 8.2 billion yuan in revenue, up 15.2% year-on-year.

At the end of the reporting period, it had 19.2 billion yuan in total assets and 12.7 billion yuan in total liabilities, with a liability-to-asset ratio of 66.3%.