Guangzhou Pearl River Piano Group Co.,Ltd.’s Net Profit Dropped 41.4% in First Half of 2022

Guangzhou Pearl River Piano Group Co.,Ltd. (广州珠江钢琴集团股份有限公司) (002678.SZ) reported a net profit of 66 million yuan in the first half of 2022, down 41.4% year-on-year.

Meanwhile, the company posted 848.6 million yuan in revenue, down 19.1% year-on-year.

At the end of the reporting period, it had 5.2 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 29.5%.