Shandong Lubei Chemical Co.,Ltd.’s Net Profit Dropped 78.4% in First Half of 2023

Shandong Lubei Chemical Co.,Ltd. (山东鲁北化工股份有限公司) (600727.SH) reported a net profit of 36.8 million yuan in the first half of 2023, down 78.4% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 24% year-on-year.

At the end of the reporting period, it had 8.2 billion yuan in total assets and 5 billion yuan in total liabilities, with a liability-to-asset ratio of 61%.