Shenzhen Desay Battery Technology Co.,Ltd.’s Net Profit Dropped 47.6% in First Half of 2023

Shenzhen Desay Battery Technology Co.,Ltd. (深圳市德赛电池科技股份有限公司) (000049.SZ) reported a net profit of 160.7 million yuan in the first half of 2023, down 47.6% year-on-year.

Meanwhile, the company posted 8.8 billion yuan in revenue, down 7.2% year-on-year.

At the end of the reporting period, it had 12 billion yuan in total assets and 7.8 billion yuan in total liabilities, with a liability-to-asset ratio of 65.1%.