China Spacesat Co.,Ltd.’s Net Profit Dropped 36.4% in First Half of 2023

China Spacesat Co.,Ltd. (中国东方红卫星股份有限公司) (600118.SH) reported a net profit of 175.6 million yuan in the first half of 2023, down 36.4% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, down 25.9% year-on-year.

At the end of the reporting period, it had 14.7 billion yuan in total assets and 6.5 billion yuan in total liabilities, with a liability-to-asset ratio of 44.1%.