Shunfa Hengye Corporation’s Net Profit Dropped 35.3% in First Half of 2023

Shunfa Hengye Corporation (顺发恒业股份公司) (000631.SZ) reported a net profit of 58 million yuan in the first half of 2023, down 35.3% year-on-year.

Meanwhile, the company posted 135.6 million yuan in revenue, up 9.4% year-on-year.

At the end of the reporting period, it had 8.5 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 33.7%.