Hubei Xingfa Chemicals Group Co.,Ltd.’s Net Profit Dropped 85.6% in First Half of 2023

Hubei Xingfa Chemicals Group Co.,Ltd. (湖北兴发化工集团股份有限公司) (600141.SH) reported a net profit of 630.7 million yuan in the first half of 2023, down 85.6% year-on-year.

Meanwhile, the company posted 13.6 billion yuan in revenue, down 21.3% year-on-year.

At the end of the reporting period, it had 42.3 billion yuan in total assets and 21.3 billion yuan in total liabilities, with a liability-to-asset ratio of 50.3%.