Zhejiang Huada New Materials Co.,Ltd.’s Net Profit Dropped 7.6% in First Half of 2023

Zhejiang Huada New Materials Co.,Ltd. (浙江华达新型材料股份有限公司) (605158.SH) reported a net profit of 152.7 million yuan in the first half of 2023, down 7.6% year-on-year.

Meanwhile, the company posted 3.5 billion yuan in revenue, down 25.5% year-on-year.

At the end of the reporting period, it had 5.4 billion yuan in total assets and 3.2 billion yuan in total liabilities, with a liability-to-asset ratio of 58.3%.