Tongling Jingda Special Magnet Wire Co.,Ltd.’s Net Profit Rose 9.1% in First Half of 2023

Tongling Jingda Special Magnet Wire Co.,Ltd. (铜陵精达特种电磁线股份有限公司) (600577.SH) reported a net profit of 214.8 million yuan in the first half of 2023, up 9.1% year-on-year.

Meanwhile, the company posted 8.7 billion yuan in revenue, down 6.4% year-on-year.

At the end of the reporting period, it had 11.2 billion yuan in total assets and 6 billion yuan in total liabilities, with a liability-to-asset ratio of 53.3%.