Wanxiang Doneed Co.,Ltd.’s Net Profit Dropped 11.5% in First Half of 2023

Wanxiang Doneed Co.,Ltd. (万向德农股份有限公司) (600371.SH) reported a net profit of 47.8 million yuan in the first half of 2023, down 11.5% year-on-year.

Meanwhile, the company posted 141.6 million yuan in revenue, up 14.1% year-on-year.

At the end of the reporting period, it had 840.8 million yuan in total assets and 231 million yuan in total liabilities, with a liability-to-asset ratio of 27.5%.