Solareast Holdings Co.,Ltd. Posted 88.7 Million Yuan Net Profit in First Half of 2023

Solareast Holdings Co.,Ltd. (日出东方控股股份有限公司) (603366.SH) reported a net profit of 88.7 million yuan in the first half of 2023, reversing a net loss of 22.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.1 billion yuan in revenue, up 18.6% year-on-year.

At the end of the reporting period, it had 6.9 billion yuan in total assets and 3 billion yuan in total liabilities, with a liability-to-asset ratio of 43.4%.