Shanghai Nar Industrial Co.,Ltd.’s Net Profit Dropped 88.7% in First Half of 2023

Shanghai Nar Industrial Co.,Ltd. (上海纳尔实业股份有限公司) (002825.SZ) reported a net profit of 41.6 million yuan in the first half of 2023, down 88.7% year-on-year.

Meanwhile, the company posted 664.7 million yuan in revenue, down 30.3% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 783.2 million yuan in total liabilities, with a liability-to-asset ratio of 35.1%.