Baotailong New Materials Co.,Ltd.’s Net Profit Dropped 41.6% in First Half of 2023

Baotailong New Materials Co.,Ltd. (宝泰隆新材料股份有限公司) (601011.SH) reported a net profit of 53.3 million yuan in the first half of 2023, down 41.6% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 15% year-on-year.

At the end of the reporting period, it had 13.8 billion yuan in total assets and 5.4 billion yuan in total liabilities, with a liability-to-asset ratio of 38.9%.