China Grand Automotive Services Group Co.,Ltd.’s Net Profit Dropped 24.1% in First Half of 2023

China Grand Automotive Services Group Co.,Ltd. (广汇汽车服务集团股份公司) (600297.SH) reported a net profit of 799.6 million yuan in the first half of 2023, down 24.1% year-on-year.

Meanwhile, the company posted 67.1 billion yuan in revenue, up 2% year-on-year.

At the end of the reporting period, it had 122.8 billion yuan in total assets and 78.3 billion yuan in total liabilities, with a liability-to-asset ratio of 63.8%.