Hangcha Group Co.,Ltd.’s Net Profit Dropped 9.8% in First Half of 2022

Hangcha Group Co.,Ltd. (杭叉集团股份有限公司) (603298.SH) reported a net profit of 492 million yuan in the first half of 2022, down 9.8% year-on-year.

Meanwhile, the company posted 7.5 billion yuan in revenue, up 2.1% year-on-year.

At the end of the reporting period, it had 10.9 billion yuan in total assets and 4.7 billion yuan in total liabilities, with a liability-to-asset ratio of 43.5%.