Wanxiang Qianchao Co.,Ltd.’s Net Profit Dropped 2.5% in First Half of 2023

Wanxiang Qianchao Co.,Ltd. (万向钱潮股份公司) (000559.SZ) reported a net profit of 439.4 million yuan in the first half of 2023, down 2.5% year-on-year.

Meanwhile, the company posted 7.3 billion yuan in revenue, down 1.3% year-on-year.

At the end of the reporting period, it had 19.2 billion yuan in total assets and 10.8 billion yuan in total liabilities, with a liability-to-asset ratio of 56.1%.