Shanghai Qifan Cable Co.,Ltd.’s Net Profit Dropped 17.8% in First Half of 2023

Shanghai Qifan Cable Co.,Ltd. (上海起帆电缆股份有限公司) (605222.SH) reported a net profit of 248 million yuan in the first half of 2023, down 17.8% year-on-year.

Meanwhile, the company posted 10.7 billion yuan in revenue, up 30.7% year-on-year.

At the end of the reporting period, it had 13.3 billion yuan in total assets and 8.9 billion yuan in total liabilities, with a liability-to-asset ratio of 67%.