Fujian Funeng Co.,Ltd.’s Net Profit Dropped 20% in First Half of 2023

Fujian Funeng Co.,Ltd. (福建福能股份有限公司) (600483.SH) reported a net profit of 1.1 billion yuan in the first half of 2023, down 20% year-on-year.

Meanwhile, the company posted 6.4 billion yuan in revenue, up 18.4% year-on-year.

At the end of the reporting period, it had 47.6 billion yuan in total assets and 22.8 billion yuan in total liabilities, with a liability-to-asset ratio of 47.9%.