Shenzhen Wote Advanced Materials Co.,Ltd.’s Net Profit Rose 39% in First Half of 2023

Shenzhen Wote Advanced Materials Co.,Ltd. (深圳市沃特新材料股份有限公司) (002886.SZ) reported a net profit of 20.7 million yuan in the first half of 2023, up 39% year-on-year.

Meanwhile, the company posted 719.2 million yuan in revenue, down 1.1% year-on-year.

At the end of the reporting period, it had 2.8 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 53.1%.