Tianjin You Fa Steel Pipe Group Stock Co.,Ltd.’s Net Profit Rose 83.9% in First Half of 2023

Tianjin You Fa Steel Pipe Group Stock Co.,Ltd. (天津友发钢管集团股份有限公司) (601686.SH) reported a net profit of 320.9 million yuan in the first half of 2023, up 83.9% year-on-year.

Meanwhile, the company posted 30.7 billion yuan in revenue, down 11% year-on-year.

At the end of the reporting period, it had 18 billion yuan in total assets and 10.6 billion yuan in total liabilities, with a liability-to-asset ratio of 59%.