Jiangsu Huachen Transformer Co.,Ltd.’s Net Profit Dropped 31.2% in First Half of 2023

Jiangsu Huachen Transformer Co.,Ltd. (江苏华辰变压器股份有限公司) (603097.SH) reported a net profit of 27 million yuan in the first half of 2023, down 31.2% year-on-year.

Meanwhile, the company posted 507.3 million yuan in revenue, up 27.5% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 527.2 million yuan in total liabilities, with a liability-to-asset ratio of 38.6%.