Jiangxi Hongdu Aviation Industry Co.,Ltd.’s Net Profit Dropped 76.4% in First Half of 2022

Jiangxi Hongdu Aviation Industry Co.,Ltd. (江西洪都航空工业股份有限公司) (600316.SH) reported a net profit of 13.7 million yuan in the first half of 2022, down 76.4% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, down 25% year-on-year.

At the end of the reporting period, it had 16.7 billion yuan in total assets and 11.5 billion yuan in total liabilities, with a liability-to-asset ratio of 68.8%.