Wenzhou Hongfeng Electrical Alloy Co.,Ltd.’s Net Profit Rose 342% in First Half of 2023

Wenzhou Hongfeng Electrical Alloy Co.,Ltd. (温州宏丰电工合金股份有限公司) (300283.SZ) reported a net profit of 62.3 million yuan in the first half of 2023, up 342% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, up 33.8% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 58.9%.