Western Superconducting Technologies Co.,Ltd.’s Net Profit Dropped 22.6% in First Half of 2023

Western Superconducting Technologies Co.,Ltd. (西部超导材料科技股份有限公司) (688122.SH) reported a net profit of 431.8 million yuan in the first half of 2023, down 22.6% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, up 1.3% year-on-year.

At the end of the reporting period, it had 11.4 billion yuan in total assets and 5.1 billion yuan in total liabilities, with a liability-to-asset ratio of 44.4%.