Zhejiang China Light&Textile Industrial City Group Co.,Ltd.’s Net Profit Dropped 43.5% in First Half of 2023

Zhejiang China Light&Textile Industrial City Group Co.,Ltd. (浙江中国轻纺城集团股份有限公司) (600790.SH) reported a net profit of 208.9 million yuan in the first half of 2023, down 43.5% year-on-year.

Meanwhile, the company posted 426.8 million yuan in revenue, up 8% year-on-year.

At the end of the reporting period, it had 11.9 billion yuan in total assets and 5.7 billion yuan in total liabilities, with a liability-to-asset ratio of 47.9%.