Shandong Mining Machinery Group Co.,Ltd.’s Net Profit Rose 100.4% in First Half of 2023

Shandong Mining Machinery Group Co.,Ltd. (山东矿机集团股份有限公司) (002526.SZ) reported a net profit of 164 million yuan in the first half of 2023, up 100.4% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 14.1% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 33%.