Hongda Xingye Co.,Ltd.’s Net Profit Dropped 65.6% in First Half of 2022

Hongda Xingye Co.,Ltd. (鸿达兴业股份有限公司) (002002.SZ) reported a net profit of 275.3 million yuan in the first half of 2022, down 65.6% year-on-year.

Meanwhile, the company posted 2.6 billion yuan in revenue, down 26.8% year-on-year.

At the end of the reporting period, it had 18.1 billion yuan in total assets and 7.8 billion yuan in total liabilities, with a liability-to-asset ratio of 43%.