China Union Holdings Ltd.’s Net Profit Dropped 56% in First Half of 2023

China Union Holdings Ltd. (华联控股股份有限公司) (000036.SZ) reported a net profit of 29.2 million yuan in the first half of 2023, down 56% year-on-year.

Meanwhile, the company posted 296.1 million yuan in revenue, down 17.4% year-on-year.

At the end of the reporting period, it had 8.1 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 23.3%.