Kunshan Kinglai Hygienic Materials Co.,Ltd.’s Net Profit Dropped 29.3% in First Half of 2023

Kunshan Kinglai Hygienic Materials Co.,Ltd. (昆山新莱洁净应用材料股份有限公司) (300260.SZ) reported a net profit of 110.5 million yuan in the first half of 2023, down 29.3% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 3.6% year-on-year.

At the end of the reporting period, it had 3.9 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 56.5%.