Xinjiang Guannong Co.,Ltd. Posted 563.2 Million Yuan Net Profit in First Half of 2023

Xinjiang Guannong Co.,Ltd. (新疆冠农股份有限公司) (600251.SH) reported a net profit of 563.2 million yuan in the first half of 2023, reversing a net loss of 21.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.4 billion yuan in revenue, up 49.8% year-on-year.

At the end of the reporting period, it had 5.8 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 33.3%.