Sumec Corporation Limited’s Net Profit Rose 11.4% in First Half of 2023

Sumec Corporation Limited (苏美达股份有限公司) (600710.SH) reported a net profit of 1.4 billion yuan in the first half of 2023, up 11.4% year-on-year.

Meanwhile, the company posted 64.5 billion yuan in revenue, down 15.8% year-on-year.

At the end of the reporting period, it had 56.4 billion yuan in total assets and 43.4 billion yuan in total liabilities, with a liability-to-asset ratio of 77%.