Ningbo United Group Co.,Ltd.’s Net Profit Dropped 83% in First Half of 2023

Ningbo United Group Co.,Ltd. (宁波联合集团股份有限公司) (600051.SH) reported a net profit of 18.6 million yuan in the first half of 2023, down 83% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 16.6% year-on-year.

At the end of the reporting period, it had 5.8 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 38.1%.