North Industries Group Red Arrow Co.,Ltd.’s Net Profit Dropped 85% in First Half of 2023

North Industries Group Red Arrow Co.,Ltd. (中兵红箭股份有限公司) (000519.SZ) reported a net profit of 105.3 million yuan in the first half of 2023, down 85% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 40.3% year-on-year.

At the end of the reporting period, it had 14.1 billion yuan in total assets and 4.3 billion yuan in total liabilities, with a liability-to-asset ratio of 30.4%.