Ningxia Western Venture Industrial Co.,Ltd.’s Net Profit Dropped 16.2% in First Half of 2023

Ningxia Western Venture Industrial Co.,Ltd. (宁夏西部创业实业股份有限公司) (000557.SZ) reported a net profit of 126.8 million yuan in the first half of 2023, down 16.2% year-on-year.

Meanwhile, the company posted 704.9 million yuan in revenue, down 7.1% year-on-year.

At the end of the reporting period, it had 6.2 billion yuan in total assets and 459.3 million yuan in total liabilities, with a liability-to-asset ratio of 7.4%.