Chongqing Wangbian Electric(Group) Co.,Ltd.’s Net Profit Rose 31% in First Half of 2023

Chongqing Wangbian Electric(Group) Co.,Ltd. (重庆望变电气(集团)股份有限公司) (603191.SH) reported a net profit of 151.4 million yuan in the first half of 2023, up 31% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 9.8% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 42.1%.