Qingdao Kingking Applied Chemistry Co.,Ltd.’s Net Profit Rose 306.1% in First Half of 2023

Qingdao Kingking Applied Chemistry Co.,Ltd. (青岛金王应用化学股份有限公司) (002094.SZ) reported a net profit of 31.3 million yuan in the first half of 2023, up 306.1% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 12.8% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 53.3%.