Tangshan Sanyou Chemical Industries Co.,Ltd.’s Net Profit Dropped 61.2% in First Half of 2023

Tangshan Sanyou Chemical Industries Co.,Ltd. (唐山三友化工股份有限公司) (600409.SH) reported a net profit of 348 million yuan in the first half of 2023, down 61.2% year-on-year.

Meanwhile, the company posted 11 billion yuan in revenue, down 10.1% year-on-year.

At the end of the reporting period, it had 27.7 billion yuan in total assets and 13.3 billion yuan in total liabilities, with a liability-to-asset ratio of 48.1%.