Jiangsu Newamstar Packaging Machinery Co.,Ltd.’s Net Profit Dropped 42.7% in First Half of 2023

Jiangsu Newamstar Packaging Machinery Co.,Ltd. (江苏新美星包装机械股份有限公司) (300509.SZ) reported a net profit of 21.8 million yuan in the first half of 2023, down 42.7% year-on-year.

Meanwhile, the company posted 454 million yuan in revenue, up 25.4% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 65.1%.