North Industries Group Red Arrow Co.,Ltd.’s Net Profit Rose 114.6% in First Half of 2022

North Industries Group Red Arrow Co.,Ltd. (中兵红箭股份有限公司) (000519.SZ) reported a net profit of 701.6 million yuan in the first half of 2022, up 114.6% year-on-year.

Meanwhile, the company posted 3.2 billion yuan in revenue, up 11.2% year-on-year.

At the end of the reporting period, it had 13.7 billion yuan in total assets and 4 billion yuan in total liabilities, with a liability-to-asset ratio of 29.3%.