Sichuan Hongda Co.,Ltd.’s Net Profit Dropped 48.6% in First Half of 2022

Sichuan Hongda Co.,Ltd. (四川宏达股份有限公司) (600331.SH) reported a net profit of 114.6 million yuan in the first half of 2022, down 48.6% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, up 16.2% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 79.9%.