Baida Group Co.,Ltd.’s Net Profit Dropped 82.8% in First Half of 2023

Baida Group Co.,Ltd. (百大集团股份有限公司) (600865.SH) reported a net profit of 20.6 million yuan in the first half of 2023, down 82.8% year-on-year.

Meanwhile, the company posted 106.7 million yuan in revenue, down 4.3% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 237 million yuan in total liabilities, with a liability-to-asset ratio of 9.3%.