China Railway High-Speed Electrification Equipment Corporation Limited’s Net Profit Dropped 18.8% in First Half of 2023

China Railway High-Speed Electrification Equipment Corporation Limited (中铁高铁电气装备股份有限公司) (688285.SH) reported a net profit of 48.2 million yuan in the first half of 2023, down 18.8% year-on-year.

Meanwhile, the company posted 503.4 million yuan in revenue, down 20.9% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 47.3%.