Ningbo Kangqiang Electronics Co.,Ltd.’s Net Profit Dropped 41% in First Half of 2023

Ningbo Kangqiang Electronics Co.,Ltd. (宁波康强电子股份有限公司) (002119.SZ) reported a net profit of 46.2 million yuan in the first half of 2023, down 41% year-on-year.

Meanwhile, the company posted 846.9 million yuan in revenue, down 9.5% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 45.8%.