Apple Flavor&Fragrance Group Co.,Ltd.’s Net Profit Dropped 21.6% in First Half of 2023

Apple Flavor&Fragrance Group Co.,Ltd. (爱普香料集团股份有限公司) (603020.SH) reported a net profit of 89.4 million yuan in the first half of 2023, down 21.6% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 7.9% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 435.3 million yuan in total liabilities, with a liability-to-asset ratio of 11.4%.