Zhejiang Narada Power Source Co.,Ltd.’s Net Profit Dropped 38.4% in First Half of 2023

Zhejiang Narada Power Source Co.,Ltd. (浙江南都电源动力股份有限公司) (300068.SZ) reported a net profit of 310.7 million yuan in the first half of 2023, down 38.4% year-on-year.

Meanwhile, the company posted 7.9 billion yuan in revenue, up 40.1% year-on-year.

At the end of the reporting period, it had 18.5 billion yuan in total assets and 13 billion yuan in total liabilities, with a liability-to-asset ratio of 70.6%.