Shanxi Lanhua Sci-Tech Venture Co.,Ltd.’s Net Profit Dropped 32.7% in First Half of 2023

Shanxi Lanhua Sci-Tech Venture Co.,Ltd. (山西兰花科技创业股份有限公司) (600123.SH) reported a net profit of 1.4 billion yuan in the first half of 2023, down 32.7% year-on-year.

Meanwhile, the company posted 6.5 billion yuan in revenue, down 15.5% year-on-year.

At the end of the reporting period, it had 31.9 billion yuan in total assets and 16.1 billion yuan in total liabilities, with a liability-to-asset ratio of 50.5%.