Ningxia Qinglong Pipes Industry Group Co.,Ltd.’s Net Profit Dropped 59.6% in First Half of 2023

Ningxia Qinglong Pipes Industry Group Co.,Ltd. (宁夏青龙管业集团股份有限公司) (002457.SZ) reported a net profit of 20.7 million yuan in the first half of 2023, down 59.6% year-on-year.

Meanwhile, the company posted 819.7 million yuan in revenue, down 17.7% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 39.6%.