Xiangtan Electrochemical Scientific Co.,Ltd.’s Net Profit Dropped 55% in First Half of 2023

Xiangtan Electrochemical Scientific Co.,Ltd. (湘潭电化科技股份有限公司) (002125.SZ) reported a net profit of 141.9 million yuan in the first half of 2023, down 55% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 9.6% year-on-year.

At the end of the reporting period, it had 5.5 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 50.2%.