Tianshan Aluminum Group Co.,Ltd.’s Net Profit Dropped 49% in First Half of 2023

Tianshan Aluminum Group Co.,Ltd. (天山铝业集团股份有限公司) (002532.SZ) reported a net profit of 1 billion yuan in the first half of 2023, down 49% year-on-year.

Meanwhile, the company posted 14.8 billion yuan in revenue, down 13.6% year-on-year.

At the end of the reporting period, it had 55.2 billion yuan in total assets and 32.2 billion yuan in total liabilities, with a liability-to-asset ratio of 58.4%.