Donglai Coating Technology(Shanghai) Co.,Ltd.’s Net Profit Dropped 59.6% in First Half of 2023

Donglai Coating Technology(Shanghai) Co.,Ltd. (东来涂料技术(上海)股份有限公司) (688129.SH) reported a net profit of 7.8 million yuan in the first half of 2023, down 59.6% year-on-year.

Meanwhile, the company posted 200.8 million yuan in revenue, up 24% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 542.7 million yuan in total liabilities, with a liability-to-asset ratio of 39.6%.