Shandong Longquan Pipe Industry Co.,Ltd. Posted 1 Million Yuan Net Profit in First Half of 2023

Shandong Longquan Pipe Industry Co.,Ltd. (山东龙泉管业股份有限公司) (002671.SZ) reported a net profit of 1 million yuan in the first half of 2023, reversing a net loss of 55.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 489.8 million yuan in revenue, up 18.5% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 37.9%.