Ningbo Ronbay New Energy Technology Co.,Ltd.’s Net Profit Dropped 46.1% in First Half of 2023

Ningbo Ronbay New Energy Technology Co.,Ltd. (宁波容百新能源科技股份有限公司) (688005.SH) reported a net profit of 396 million yuan in the first half of 2023, down 46.1% year-on-year.

Meanwhile, the company posted 12.9 billion yuan in revenue, up 11.6% year-on-year.

At the end of the reporting period, it had 23.5 billion yuan in total assets and 14.8 billion yuan in total liabilities, with a liability-to-asset ratio of 62.8%.