Zhuzhou Kibing Group Co.,Ltd.’s Net Profit Dropped 51% in First Half of 2022

Zhuzhou Kibing Group Co.,Ltd. (株洲旗滨集团股份有限公司) (601636.SH) reported a net profit of 1.1 billion yuan in the first half of 2022, down 51% year-on-year.

Meanwhile, the company posted 6.5 billion yuan in revenue, down 5% year-on-year.

At the end of the reporting period, it had 21.6 billion yuan in total assets and 9.2 billion yuan in total liabilities, with a liability-to-asset ratio of 42.7%.