Jiangxi Hongdu Aviation Industry Co.,Ltd.’s Net Profit Dropped 49.5% in First Half of 2023

Jiangxi Hongdu Aviation Industry Co.,Ltd. (江西洪都航空工业股份有限公司) (600316.SH) reported a net profit of 6.9 million yuan in the first half of 2023, down 49.5% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 15% year-on-year.

At the end of the reporting period, it had 15.2 billion yuan in total assets and 9.9 billion yuan in total liabilities, with a liability-to-asset ratio of 65.2%.