Gem Co.,Ltd.’s Net Profit Dropped 22.7% in First Half of 2023

Gem Co.,Ltd. (格林美股份有限公司) (002340.SZ) reported a net profit of 554.8 million yuan in the first half of 2023, down 22.7% year-on-year.

Meanwhile, the company posted 12.9 billion yuan in revenue, down 7.1% year-on-year.

At the end of the reporting period, it had 45.3 billion yuan in total assets and 23.9 billion yuan in total liabilities, with a liability-to-asset ratio of 52.7%.