Triumph New Energy Company Limited’s Net Profit Dropped 43.5% in First Half of 2023

Triumph New Energy Company Limited (凯盛新能源股份有限公司) (600876.SH) reported a net profit of 154.3 million yuan in the first half of 2023, down 43.5% year-on-year.

Meanwhile, the company posted 2.8 billion yuan in revenue, up 17.9% year-on-year.

At the end of the reporting period, it had 11.3 billion yuan in total assets and 6.6 billion yuan in total liabilities, with a liability-to-asset ratio of 58.1%.