Ningbo Huaxiang Electronic Co.,Ltd.’s Net Profit Dropped 37.7% in First Half of 2022

Ningbo Huaxiang Electronic Co.,Ltd. (宁波华翔电子股份有限公司) (002048.SZ) reported a net profit of 486.1 million yuan in the first half of 2022, down 37.7% year-on-year.

Meanwhile, the company posted 8.1 billion yuan in revenue, down 4.1% year-on-year.

At the end of the reporting period, it had 21.2 billion yuan in total assets and 9.1 billion yuan in total liabilities, with a liability-to-asset ratio of 43.2%.