Hundsun Technologies Inc. Posted 458 Million Yuan Net Profit in First Half of 2023

Hundsun Technologies Inc. (恒生电子股份有限公司) (600570.SH) reported a net profit of 458 million yuan in the first half of 2023, reversing a net loss of 90.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.8 billion yuan in revenue, up 18.5% year-on-year.

At the end of the reporting period, it had 12.9 billion yuan in total assets and 5.1 billion yuan in total liabilities, with a liability-to-asset ratio of 39.6%.