According to the Zhitong Finance App, Liuhua Co., Ltd. (600423.SH) disclosed the 2023 semi-annual report. During the reporting period, the company achieved revenue of 56.27 million yuan, a year-on-year decrease of 14.95%; net profit of 2.23 million yuan, a year-on-year decrease of 78.98%; net profit of 2.23 million yuan, a year-on-year decrease of 78.94%; and basic earnings per share of 0.003 yuan.

During the reporting period, due to adverse factors such as insufficient commencement of construction by downstream enterprises and the commissioning of new production capacity, etc., the hydrogen peroxide industry had obvious overcapacity, prominent contradictions between supply and demand, increased competition, market downturn, product prices fell to a low point in the same period in recent years and remained low for a long time. Product profit margins were drastically reduced, resulting in a significant decline in the company's net profit, basic earnings per share, and weighted average return on net assets belonging to shareholders of listed companies.