Guangdong Fenghua Advanced Technology(Holding) Co.,Ltd.’s Net Profit Dropped 75.1% in First Half of 2023

Guangdong Fenghua Advanced Technology(Holding) Co.,Ltd. (广东风华高新科技股份有限公司) (000636.SZ) reported a net profit of 92.4 million yuan in the first half of 2023, down 75.1% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 2% year-on-year.

At the end of the reporting period, it had 16.8 billion yuan in total assets and 4.7 billion yuan in total liabilities, with a liability-to-asset ratio of 27.8%.