Wuxi Xinje Electric Co.,Ltd.’s Net Profit Dropped 23.3% in First Half of 2023

Wuxi Xinje Electric Co.,Ltd. (无锡信捷电气股份有限公司) (603416.SH) reported a net profit of 104 million yuan in the first half of 2023, down 23.3% year-on-year.

Meanwhile, the company posted 718.8 million yuan in revenue, up 6.1% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 844.6 million yuan in total liabilities, with a liability-to-asset ratio of 29.3%.