Hangzhou Huaguang Advanced Welding Materials Co.,Ltd.’s Net Profit Rose 225.4% in First Half of 2023

Hangzhou Huaguang Advanced Welding Materials Co.,Ltd. (杭州华光焊接新材料股份有限公司) (688379.SH) reported a net profit of 32.3 million yuan in the first half of 2023, up 225.4% year-on-year.

Meanwhile, the company posted 702.7 million yuan in revenue, up 13.1% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 874 million yuan in total liabilities, with a liability-to-asset ratio of 48.5%.