Guangzhou Pearl River Piano Group Co.,Ltd.’s Net Profit Dropped 62.3% in First Half of 2023

Guangzhou Pearl River Piano Group Co.,Ltd. (广州珠江钢琴集团股份有限公司) (002678.SZ) reported a net profit of 24.9 million yuan in the first half of 2023, down 62.3% year-on-year.

Meanwhile, the company posted 634.8 million yuan in revenue, down 25.2% year-on-year.

At the end of the reporting period, it had 4.8 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 22.7%.