Shenzhen Prince New Materials Co.,Ltd.’s Net Profit Dropped 79.1% in First Half of 2023

Shenzhen Prince New Materials Co.,Ltd. (深圳王子新材料股份有限公司) (002735.SZ) reported a net profit of 9.5 million yuan in the first half of 2023, down 79.1% year-on-year.

Meanwhile, the company posted 757.6 million yuan in revenue, down 8.6% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 52.6%.