Qingdao East Steel Tower Stock Co.,Ltd.’s Net Profit Dropped 24.9% in First Half of 2023

Qingdao East Steel Tower Stock Co.,Ltd. (青岛东方铁塔股份有限公司) (002545.SZ) reported a net profit of 363.1 million yuan in the first half of 2023, down 24.9% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 13.2% year-on-year.

At the end of the reporting period, it had 12.5 billion yuan in total assets and 4.2 billion yuan in total liabilities, with a liability-to-asset ratio of 33.3%.