Hangzhou Tianyuan Pet Products Co.,Ltd.’s Net Profit Dropped 36% in First Half of 2023

Hangzhou Tianyuan Pet Products Co.,Ltd. (杭州天元宠物用品股份有限公司) (301335.SZ) reported a net profit of 30.4 million yuan in the first half of 2023, down 36% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 16.3% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 839.2 million yuan in total liabilities, with a liability-to-asset ratio of 30.7%.