Ningbo Zhongbai Co.,Ltd.’s Net Profit Dropped 72% in First Half of 2023

Ningbo Zhongbai Co.,Ltd. (宁波中百股份有限公司) (600857.SH) reported a net profit of 104.1 million yuan in the first half of 2023, down 72% year-on-year.

Meanwhile, the company posted 739.8 million yuan in revenue, up 85.1% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 189.3 million yuan in total liabilities, with a liability-to-asset ratio of 17.3%.