Asymchem Laboratories Faces Sharp Profit Decline

Asymchem Laboratories (Tianjin) Co., Ltd. Class H (HK:6821) has released an update.

Asymchem Laboratories (Tianjin) Co., Ltd. reports a significant downturn in its financial performance for the first half of 2024, with revenue and net profit falling by 42.23% and 70.40% respectively compared to the same period last year. The company’s gross profit margin and net profit margin also saw substantial declines. Total assets decreased by 4.60%, while total liabilities increased, leading to a slight rise in the gearing ratio.

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