On August 8, 688585.SH released its semi-annual report for 2023, with operating income of 650 million yuan for the reporting period, down 33.95% from the same period last year; net profit belonging to shareholders of listed companies was 32.0044 million yuan, down 12.34% from the same period last year; net profit belonging to shareholders of listed companies after deducting non-recurring gains and losses was 30.6459 million yuan, down 17.24% from the same period last year; and basic earnings per share was 0.08 yuan.
The reporting period is mainly due to the economic downturn, the slowdown in market demand, the fluctuation of raw material market prices and other factors, the decline in revenue compared with the same period last year, resulting in a certain negative impact on operating results. The increase in net cash flow from operating activities during the reporting period was mainly due to a decrease in the price of raw materials and a decrease in cash payments.