Shenghe Resources Holding Co.,Ltd.’s Net Profit Dropped 92% in First Half of 2023

Shenghe Resources Holding Co.,Ltd. (盛和资源控股股份有限公司) (600392.SH) reported a net profit of 107.6 million yuan in the first half of 2023, down 92% year-on-year.

Meanwhile, the company posted 8.6 billion yuan in revenue, down 2.3% year-on-year.

At the end of the reporting period, it had 15.1 billion yuan in total assets and 5.2 billion yuan in total liabilities, with a liability-to-asset ratio of 34.5%.