Guangdong Shaoneng Group Co.,Ltd.’s Net Profit Dropped 68.2% in First Half of 2023

Guangdong Shaoneng Group Co.,Ltd. (广东韶能集团股份有限公司) (000601.SZ) reported a net profit of 43.9 million yuan in the first half of 2023, down 68.2% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, up 11.4% year-on-year.

At the end of the reporting period, it had 13.5 billion yuan in total assets and 8.5 billion yuan in total liabilities, with a liability-to-asset ratio of 63.4%.