Shandong New Beiyang Information Technology Co.,Ltd.’s Net Profit Dropped 41.1% in First Half of 2022

Shandong New Beiyang Information Technology Co.,Ltd. (山东新北洋信息技术股份有限公司) (002376.SZ) reported a net profit of 40.3 million yuan in the first half of 2022, down 41.1% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 1.2% year-on-year.

At the end of the reporting period, it had 6.1 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 40.7%.