Zhejiang Shibao Company Limited’s Net Profit Rose 1598.9% in First Half of 2023

Zhejiang Shibao Company Limited (浙江世宝股份有限公司) (002703.SZ) reported a net profit of 21.2 million yuan in the first half of 2023, up 1598.9% year-on-year.

Meanwhile, the company posted 727.9 million yuan in revenue, up 31.4% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 42.2%.