Zhuzhou Crrc Times Electric Co.,Ltd.’s Net Profit Rose 35.2% in First Half of 2023

Zhuzhou Crrc Times Electric Co.,Ltd. (株洲中车时代电气股份有限公司) (688187.SH) reported a net profit of 1.2 billion yuan in the first half of 2023, up 35.2% year-on-year.

Meanwhile, the company posted 8.6 billion yuan in revenue, up 31.3% year-on-year.

At the end of the reporting period, it had 50.4 billion yuan in total assets and 14.6 billion yuan in total liabilities, with a liability-to-asset ratio of 29%.