Shanghai Xuerong Biological Technology Co.,Ltd. Posted 49.4 Million Yuan Net Profit in First Half of 2023

Shanghai Xuerong Biological Technology Co.,Ltd. (上海雪榕生物科技股份有限公司) (300511.SZ) reported a net profit of 49.4 million yuan in the first half of 2023, reversing a net loss of 111.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.4 billion yuan in revenue, up 41.2% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 58.3%.