Jiangsu Changling Hydraulic Co.,Ltd.’s Net Profit Dropped 18.5% in First Half of 2023

Jiangsu Changling Hydraulic Co.,Ltd. (江苏长龄液压股份有限公司) (605389.SH) reported a net profit of 55.1 million yuan in the first half of 2023, down 18.5% year-on-year.

Meanwhile, the company posted 401.4 million yuan in revenue, down 9% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 183.7 million yuan in total liabilities, with a liability-to-asset ratio of 9%.