Chinese Churinga’s Net Profit Dropped 48.7% in First Half of 2023

Chinese Churinga (杭州初灵信息技术股份有限公司) (300250.SZ) reported a net profit of 9.6 million yuan in the first half of 2023, down 48.7% year-on-year.

Meanwhile, the company posted 161.1 million yuan in revenue, down 21% year-on-year.

At the end of the reporting period, it had 803.5 million yuan in total assets and 187.8 million yuan in total liabilities, with a liability-to-asset ratio of 23.4%.