Zhejiang Yongtai Technology Co.,Ltd.’s Net Profit Dropped 97.7% in First Half of 2023

Zhejiang Yongtai Technology Co.,Ltd. (浙江永太科技股份有限公司) (002326.SZ) reported a net profit of 13.2 million yuan in the first half of 2023, down 97.7% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 38.1% year-on-year.

At the end of the reporting period, it had 11.4 billion yuan in total assets and 7.8 billion yuan in total liabilities, with a liability-to-asset ratio of 68%.