Zhejiang Walrus New Material Co.,Ltd.’s Net Profit Rose 141.8% in First Half of 2023

Zhejiang Walrus New Material Co.,Ltd. (浙江海象新材料股份有限公司) (003011.SZ) reported a net profit of 178.6 million yuan in the first half of 2023, up 141.8% year-on-year.

Meanwhile, the company posted 923 million yuan in revenue, down 3.5% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 939.2 million yuan in total liabilities, with a liability-to-asset ratio of 36.8%.