Xiamen Kingdomway Group Company’s Net Profit Dropped 46% in First Half of 2022

Xiamen Kingdomway Group Company (厦门金达威集团股份有限公司) (002626.SZ) reported a net profit of 271.7 million yuan in the first half of 2022, down 46% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 12% year-on-year.

At the end of the reporting period, it had 5.9 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 32%.