Shenzhen Kinwong Electronic Co.,Ltd.’s Net Profit Dropped 15.7% in First Half of 2023

Shenzhen Kinwong Electronic Co.,Ltd. (深圳市景旺电子股份有限公司) (603228.SH) reported a net profit of 400.4 million yuan in the first half of 2023, down 15.7% year-on-year.

Meanwhile, the company posted 5 billion yuan in revenue, down 3.2% year-on-year.

At the end of the reporting period, it had 16.5 billion yuan in total assets and 8 billion yuan in total liabilities, with a liability-to-asset ratio of 48.8%.