Xinjiang Beixin Road&Bridge Group Co.,Ltd.’s Net Profit Dropped 69.7% in First Half of 2023

Xinjiang Beixin Road&Bridge Group Co.,Ltd. (新疆北新路桥集团股份有限公司) (002307.SZ) reported a net profit of 7.3 million yuan in the first half of 2023, down 69.7% year-on-year.

Meanwhile, the company posted 5 billion yuan in revenue, down 11.9% year-on-year.

At the end of the reporting period, it had 52.5 billion yuan in total assets and 46.9 billion yuan in total liabilities, with a liability-to-asset ratio of 89.4%.