Jiangsu Dingsheng New Material Joint-Stock Co.,Ltd.’s Net Profit Dropped 41.5% in First Half of 2023

Jiangsu Dingsheng New Material Joint-Stock Co.,Ltd. (江苏鼎胜新能源材料股份有限公司) (603876.SH) reported a net profit of 350.3 million yuan in the first half of 2023, down 41.5% year-on-year.

Meanwhile, the company posted 9.2 billion yuan in revenue, down 19.5% year-on-year.

At the end of the reporting period, it had 24 billion yuan in total assets and 17.7 billion yuan in total liabilities, with a liability-to-asset ratio of 73.8%.