Gem-Year Industrial Co.,Ltd.’s Net Profit Dropped 84.4% in First Half of 2023

Gem-Year Industrial Co.,Ltd. (晋亿实业股份有限公司) (601002.SH) reported a net profit of 15.8 million yuan in the first half of 2023, down 84.4% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 29.7% year-on-year.

At the end of the reporting period, it had 5.3 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 21.2%.