Jiangsu Hsc New Energy Materials Co.,Ltd.’s Net Profit Dropped 92.3% in First Half of 2023

Jiangsu Hsc New Energy Materials Co.,Ltd. (江苏华盛锂电材料股份有限公司) (688353.SH) reported a net profit of 15.4 million yuan in the first half of 2023, down 92.3% year-on-year.

Meanwhile, the company posted 236.1 million yuan in revenue, down 54% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 518.7 million yuan in total liabilities, with a liability-to-asset ratio of 11.9%.