Shanghai Yongli Belting Co.,Ltd.’s Net Profit Dropped 23.2% in First Half of 2022

Shanghai Yongli Belting Co.,Ltd. (上海永利带业股份有限公司) (300230.SZ) reported a net profit of 83.1 million yuan in the first half of 2022, down 23.2% year-on-year.

Meanwhile, the company posted 926.9 million yuan in revenue, down 47.6% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 818 million yuan in total liabilities, with a liability-to-asset ratio of 24.3%.