Hunan Development Group Co.,Ltd.’s Net Profit Dropped 47.8% in First Half of 2023

Hunan Development Group Co.,Ltd. (湖南发展集团股份有限公司) (000722.SZ) reported a net profit of 41.9 million yuan in the first half of 2023, down 47.8% year-on-year.

Meanwhile, the company posted 159.7 million yuan in revenue, down 43.7% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 137.7 million yuan in total liabilities, with a liability-to-asset ratio of 4.1%.