Yangzhou Seashine New Materials Co.,Ltd.’s Net Profit Dropped 59.7% in First Half of 2023

Yangzhou Seashine New Materials Co.,Ltd. (扬州海昌新材股份有限公司) (300885.SZ) reported a net profit of 16.4 million yuan in the first half of 2023, down 59.7% year-on-year.

Meanwhile, the company posted 101.1 million yuan in revenue, down 27.9% year-on-year.

At the end of the reporting period, it had 848.8 million yuan in total assets and 43.2 million yuan in total liabilities, with a liability-to-asset ratio of 5.1%.