Befar Group Co.,Ltd.’s Net Profit Dropped 77.4% in First Half of 2023

Befar Group Co.,Ltd. (滨化集团股份有限公司) (601678.SH) reported a net profit of 158 million yuan in the first half of 2023, down 77.4% year-on-year.

Meanwhile, the company posted 3.4 billion yuan in revenue, down 24.5% year-on-year.

At the end of the reporting period, it had 19 billion yuan in total assets and 7.7 billion yuan in total liabilities, with a liability-to-asset ratio of 40.4%.