Guangxi Wuzhou Zhongheng Group Co.,Ltd.’s Net Profit Dropped 85.2% in First Half of 2022

Guangxi Wuzhou Zhongheng Group Co.,Ltd. (广西梧州中恒集团股份有限公司) (600252.SH) reported a net profit of 53.7 million yuan in the first half of 2022, down 85.2% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 36.8% year-on-year.

At the end of the reporting period, it had 11.8 billion yuan in total assets and 3.5 billion yuan in total liabilities, with a liability-to-asset ratio of 29.8%.