M-Grass Ecology And Environment(Group) Co.,Ltd.’s Net Profit Dropped 8% in First Half of 2023

M-Grass Ecology And Environment(Group) Co.,Ltd. (蒙草生态环境(集团)股份有限公司) (300355.SZ) reported a net profit of 163.3 million yuan in the first half of 2023, down 8% year-on-year.

Meanwhile, the company posted 706.8 million yuan in revenue, down 23.7% year-on-year.

At the end of the reporting period, it had 15.8 billion yuan in total assets and 9.9 billion yuan in total liabilities, with a liability-to-asset ratio of 62.9%.