Hangzhou Advance Gearbox Group Co.,Ltd.’s Net Profit Rose 10.1% in First Half of 2023

Hangzhou Advance Gearbox Group Co.,Ltd. (杭州前进齿轮箱集团股份有限公司) (601177.SH) reported a net profit of 120 million yuan in the first half of 2023, up 10.1% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 19% year-on-year.

At the end of the reporting period, it had 4.8 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 51.6%.