Xinxing Ductile Iron Pipes Co.,Ltd.’s Net Profit Dropped 28.4% in First Half of 2023

Xinxing Ductile Iron Pipes Co.,Ltd. (新兴铸管股份有限公司) (000778.SZ) reported a net profit of 884.7 million yuan in the first half of 2023, down 28.4% year-on-year.

Meanwhile, the company posted 24.5 billion yuan in revenue, down 9.1% year-on-year.

At the end of the reporting period, it had 57 billion yuan in total assets and 28.9 billion yuan in total liabilities, with a liability-to-asset ratio of 50.8%.