Shandong Hualu-Hengsheng Chemical Co.,Ltd.’s Net Profit Dropped 62.1% in First Half of 2023

Shandong Hualu-Hengsheng Chemical Co.,Ltd. (山东华鲁恒升化工股份有限公司) (600426.SH) reported a net profit of 1.7 billion yuan in the first half of 2023, down 62.1% year-on-year.

Meanwhile, the company posted 12.4 billion yuan in revenue, down 25.3% year-on-year.

At the end of the reporting period, it had 38.9 billion yuan in total assets and 10.7 billion yuan in total liabilities, with a liability-to-asset ratio of 27.5%.