Shanghai Milkground Food Tech Co.,Ltd.’s Net Profit Dropped 69.8% in First Half of 2023

Shanghai Milkground Food Tech Co.,Ltd. (上海妙可蓝多食品科技股份有限公司) (600882.SH) reported a net profit of 44.9 million yuan in the first half of 2023, down 69.8% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 20.4% year-on-year.

At the end of the reporting period, it had 7.2 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 31.1%.