According to the Zhitong Finance App, Xinghua New Materials (301077.SZ) disclosed its 2023 semi-annual results forecast. The company expects net profit attributable to shareholders of listed companies in the first half of the year to 40 million yuan to 45 million yuan, down 10.75% from the previous year to an increase of 0.41%. Net profit after deducting non-recurring profit and loss was 39 million yuan to 42 million yuan, down 6.22% year on year to an increase of 1.00%.

During the reporting period, domestic and foreign demand fell short of expectations due to the impact of the economic situation, and the company's product sales were slightly lower than the same period last year.