Guizhou Redstar Developing Co.,Ltd.’s Net Profit Dropped 96.4% in First Half of 2023

Guizhou Redstar Developing Co.,Ltd. (贵州红星发展股份有限公司) (600367.SH) reported a net profit of 8.4 million yuan in the first half of 2023, down 96.4% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 26% year-on-year.

At the end of the reporting period, it had 2.8 billion yuan in total assets and 879.3 million yuan in total liabilities, with a liability-to-asset ratio of 31.2%.