Ningxia Building Materials Group Co.,Ltd.’s Net Profit Dropped 60.8% in First Half of 2023

Ningxia Building Materials Group Co.,Ltd. (宁夏建材集团股份有限公司) (600449.SH) reported a net profit of 160.7 million yuan in the first half of 2023, down 60.8% year-on-year.

Meanwhile, the company posted 4.3 billion yuan in revenue, up 22.2% year-on-year.

At the end of the reporting period, it had 10.6 billion yuan in total assets and 3.2 billion yuan in total liabilities, with a liability-to-asset ratio of 30.3%.