Huabao Flavours&Fragrances Co.,Ltd.’s Net Profit Dropped 45.4% in First Half of 2023

Huabao Flavours&Fragrances Co.,Ltd. (华宝香精股份有限公司) (300741.SZ) reported a net profit of 221.9 million yuan in the first half of 2023, down 45.4% year-on-year.

Meanwhile, the company posted 693 million yuan in revenue, down 23.2% year-on-year.

At the end of the reporting period, it had 8.1 billion yuan in total assets and 778.8 million yuan in total liabilities, with a liability-to-asset ratio of 9.6%.