Yantai Longyuan Power Technology Co.,Ltd.’s Net Profit Dropped 92.5% in First Half of 2023

Yantai Longyuan Power Technology Co.,Ltd. (烟台龙源电力技术股份有限公司) (300105.SZ) reported a net profit of 5.3 million yuan in the first half of 2023, down 92.5% year-on-year.

Meanwhile, the company posted 341 million yuan in revenue, up 49.3% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 908.8 million yuan in total liabilities, with a liability-to-asset ratio of 33.5%.