Zhejiang Grandwall Electric Science&Technology Co.,Ltd.’s Net Profit Dropped 45.2% in First Half of 2023

Zhejiang Grandwall Electric Science&Technology Co.,Ltd. (浙江长城电工科技股份有限公司) (603897.SH) reported a net profit of 62.4 million yuan in the first half of 2023, down 45.2% year-on-year.

Meanwhile, the company posted 5.1 billion yuan in revenue, down 6.1% year-on-year.

At the end of the reporting period, it had 5.8 billion yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 53.2%.