Xinhu Zhongbao Co.,Ltd.’s Net Profit Dropped 45.3% in First Half of 2022

Xinhu Zhongbao Co.,Ltd. (新湖中宝股份有限公司) (600208.SH) reported a net profit of 1.1 billion yuan in the first half of 2022, down 45.3% year-on-year.

Meanwhile, the company posted 5.1 billion yuan in revenue, down 32% year-on-year.

At the end of the reporting period, it had 128.4 billion yuan in total assets and 86.8 billion yuan in total liabilities, with a liability-to-asset ratio of 67.6%.