Yinchuan Xinhua Commercial(Group) Co.,Ltd.’s Net Profit Rose 102.9% in First Half of 2023

Yinchuan Xinhua Commercial(Group) Co.,Ltd. (银川新华百货商业集团股份有限公司) (600785.SH) reported a net profit of 89.3 million yuan in the first half of 2023, up 102.9% year-on-year.

Meanwhile, the company posted 3.2 billion yuan in revenue, up 2.4% year-on-year.

At the end of the reporting period, it had 7.7 billion yuan in total assets and 5.8 billion yuan in total liabilities, with a liability-to-asset ratio of 75.4%.