Shanghai Tianyang Hot Melt Adhesives Co.,Ltd.’s Net Profit Dropped 99.2% in First Half of 2023

Shanghai Tianyang Hot Melt Adhesives Co.,Ltd. (天洋新材(上海)科技股份有限公司) (603330.SH) reported a net profit of 263,938 yuan in the first half of 2023, down 99.2% year-on-year.

Meanwhile, the company posted 611.1 million yuan in revenue, down 9.6% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 33.8%.