Shandong Weifang Rainbow Chemical Co.,Ltd.’s Net Profit Dropped 50.2% in First Half of 2023

Shandong Weifang Rainbow Chemical Co.,Ltd. (山东潍坊润丰化工股份有限公司) (301035.SZ) reported a net profit of 451.7 million yuan in the first half of 2023, down 50.2% year-on-year.

Meanwhile, the company posted 5 billion yuan in revenue, down 35.2% year-on-year.

At the end of the reporting period, it had 11.5 billion yuan in total assets and 5.1 billion yuan in total liabilities, with a liability-to-asset ratio of 44.3%.