Guangdong Xinbao Electrical Appliances Holdings Co.,Ltd.’s Net Profit Rose 54.1% in First Half of 2022

Guangdong Xinbao Electrical Appliances Holdings Co.,Ltd. (广东新宝电器股份有限公司) (002705.SZ) reported a net profit of 510.2 million yuan in the first half of 2022, up 54.1% year-on-year.

Meanwhile, the company posted 7.1 billion yuan in revenue, up 7.3% year-on-year.

At the end of the reporting period, it had 12.7 billion yuan in total assets and 6.2 billion yuan in total liabilities, with a liability-to-asset ratio of 49%.