Guangdong Guanghong Holdings Co.,Ltd.’s Net Profit Dropped 26.6% in First Half of 2022

Guangdong Guanghong Holdings Co.,Ltd. (广东广弘控股股份有限公司) (000529.SZ) reported a net profit of 145.2 million yuan in the first half of 2022, down 26.6% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 16.1% year-on-year.

At the end of the reporting period, it had 5.3 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 52.4%.