Citic Heavy Industries Co.,Ltd.’s Net Profit Rose 2.4% in First Half of 2023

Citic Heavy Industries Co.,Ltd. (中信重工机械股份有限公司) (601608.SH) reported a net profit of 196.8 million yuan in the first half of 2023, up 2.4% year-on-year.

Meanwhile, the company posted 4.7 billion yuan in revenue, up 9.1% year-on-year.

At the end of the reporting period, it had 19.6 billion yuan in total assets and 11.5 billion yuan in total liabilities, with a liability-to-asset ratio of 58.9%.