Jinguan Electric Co.,Ltd.’s Net Profit Rose 44.6% in First Half of 2023

Jinguan Electric Co.,Ltd. (金冠电气股份有限公司) (688517.SH) reported a net profit of 32.9 million yuan in the first half of 2023, up 44.6% year-on-year.

Meanwhile, the company posted 231.6 million yuan in revenue, down 3.9% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 389.6 million yuan in total liabilities, with a liability-to-asset ratio of 34.3%.