Baida Group Co.,Ltd.’s Net Profit Rose 22% in First Half of 2022

Baida Group Co.,Ltd. (百大集团股份有限公司) (600865.SH) reported a net profit of 119.8 million yuan in the first half of 2022, up 22% year-on-year.

Meanwhile, the company posted 111.4 million yuan in revenue, down 12.3% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 303.8 million yuan in total liabilities, with a liability-to-asset ratio of 11.6%.