Ningxia Xinri Hengli Steel Wire Rope Co.,Ltd. Posted 7.2 Million Yuan Net Profit in First Half of 2022

Ningxia Xinri Hengli Steel Wire Rope Co.,Ltd. (宁夏中科生物科技股份有限公司) (600165.SH) reported a net profit of 7.2 million yuan in the first half of 2022, reversing a net loss of 30.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 475.3 million yuan in revenue, up 462.7% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 68.7%.