Shan Xi Hua Yang Group New Energy Co.,Ltd.’s Net Profit Dropped 10.1% in First Half of 2023

Shan Xi Hua Yang Group New Energy Co.,Ltd. (山西华阳集团新能股份有限公司) (600348.SH) reported a net profit of 3.4 billion yuan in the first half of 2023, down 10.1% year-on-year.

Meanwhile, the company posted 15.4 billion yuan in revenue, down 18.8% year-on-year.

At the end of the reporting period, it had 69.8 billion yuan in total assets and 38.1 billion yuan in total liabilities, with a liability-to-asset ratio of 54.7%.