Longshine Technology Group Co.,Ltd.’s Net Profit Dropped 65.3% in First Half of 2023

Longshine Technology Group Co.,Ltd. (朗新科技集团股份有限公司) (300682.SZ) reported a net profit of 49 million yuan in the first half of 2023, down 65.3% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 6.2% year-on-year.

At the end of the reporting period, it had 9.4 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 20.4%.