Jiangsu Sanfame Polyester Material Co.,Ltd.’s Net Profit Dropped 89% in First Half of 2023

Jiangsu Sanfame Polyester Material Co.,Ltd. (江苏三房巷聚材股份有限公司) (600370.SH) reported a net profit of 61.1 million yuan in the first half of 2023, down 89% year-on-year.

Meanwhile, the company posted 10.7 billion yuan in revenue, up 2.7% year-on-year.

At the end of the reporting period, it had 16.7 billion yuan in total assets and 10.1 billion yuan in total liabilities, with a liability-to-asset ratio of 60.4%.