Shenzhen Huaqiang Industry Co.,Ltd.’s Net Profit Dropped 47.5% in First Half of 2023

Shenzhen Huaqiang Industry Co.,Ltd. (深圳华强实业股份有限公司) (000062.SZ) reported a net profit of 313.4 million yuan in the first half of 2023, down 47.5% year-on-year.

Meanwhile, the company posted 8.7 billion yuan in revenue, down 34.5% year-on-year.

At the end of the reporting period, it had 16 billion yuan in total assets and 8 billion yuan in total liabilities, with a liability-to-asset ratio of 50.4%.