Brilliance Technology Co.,Ltd.’s Net Profit Dropped 72.8% in First Half of 2023

Brilliance Technology Co.,Ltd. (新晨科技股份有限公司) (300542.SZ) reported a net profit of 2.9 million yuan in the first half of 2023, down 72.8% year-on-year.

Meanwhile, the company posted 506.3 million yuan in revenue, down 7.5% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 677.8 million yuan in total liabilities, with a liability-to-asset ratio of 52.1%.