Masterwork Group Co.,Ltd.’s Net Profit Dropped 81.7% in First Half of 2023

Masterwork Group Co.,Ltd. (天津长荣科技集团股份有限公司) (300195.SZ) reported a net profit of 7.3 million yuan in the first half of 2023, down 81.7% year-on-year.

Meanwhile, the company posted 771.9 million yuan in revenue, up 0.8% year-on-year.

At the end of the reporting period, it had 6.5 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 56%.