Ningbo Orient Wires&Cables Co.,Ltd.’s Net Profit Rose 18.1% in First Half of 2023

Ningbo Orient Wires&Cables Co.,Ltd. (宁波东方电缆股份有限公司) (603606.SH) reported a net profit of 616.6 million yuan in the first half of 2023, up 18.1% year-on-year.

Meanwhile, the company posted 3.7 billion yuan in revenue, down 4.4% year-on-year.

At the end of the reporting period, it had 9.9 billion yuan in total assets and 4 billion yuan in total liabilities, with a liability-to-asset ratio of 39.9%.