Huagong Tech Company Limited’s Net Profit Rose 4.3% in First Half of 2023

Huagong Tech Company Limited (华工科技产业股份有限公司) (000988.SZ) reported a net profit of 579.1 million yuan in the first half of 2023, up 4.3% year-on-year.

Meanwhile, the company posted 5 billion yuan in revenue, down 19.2% year-on-year.

At the end of the reporting period, it had 17.5 billion yuan in total assets and 8.7 billion yuan in total liabilities, with a liability-to-asset ratio of 49.9%.