Ningbo Water Meter Co.,Ltd.’s Net Profit Rose 26.5% in First Half of 2023

Ningbo Water Meter Co.,Ltd. (宁波水表(集团)股份有限公司) (603700.SH) reported a net profit of 51.2 million yuan in the first half of 2023, up 26.5% year-on-year.

Meanwhile, the company posted 811 million yuan in revenue, up 21.1% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 774.3 million yuan in total liabilities, with a liability-to-asset ratio of 33.6%.