Shanghai Kaikai Industry Co.,Ltd.’s Net Profit Dropped 45.2% in First Half of 2023

Shanghai Kaikai Industry Co.,Ltd. (上海开开实业股份有限公司) (600272.SH) reported a net profit of 15.8 million yuan in the first half of 2023, down 45.2% year-on-year.

Meanwhile, the company posted 390.7 million yuan in revenue, down 27.2% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 591.4 million yuan in total liabilities, with a liability-to-asset ratio of 50.4%.