Zhejiang Nhu Company Ltd.’s Net Profit Dropped 32.7% in First Half of 2023

Zhejiang Nhu Company Ltd. (浙江新和成股份有限公司) (002001.SZ) reported a net profit of 1.5 billion yuan in the first half of 2023, down 32.7% year-on-year.

Meanwhile, the company posted 7.4 billion yuan in revenue, down 9.7% year-on-year.

At the end of the reporting period, it had 38 billion yuan in total assets and 14.3 billion yuan in total liabilities, with a liability-to-asset ratio of 37.7%.