Zibo Qixiangtengda Chemical Co.,Ltd.’s Net Profit Dropped 99.2% in First Half of 2023

Zibo Qixiangtengda Chemical Co.,Ltd. (淄博齐翔腾达化工股份有限公司) (002408.SZ) reported a net profit of 6.8 million yuan in the first half of 2023, down 99.2% year-on-year.

Meanwhile, the company posted 13.8 billion yuan in revenue, down 16% year-on-year.

At the end of the reporting period, it had 29.8 billion yuan in total assets and 15.7 billion yuan in total liabilities, with a liability-to-asset ratio of 52.6%.