Nanjing Kangni Mechanical&Electrical Co.,Ltd.’s Net Profit Dropped 29.8% in First Half of 2023

Nanjing Kangni Mechanical&Electrical Co.,Ltd. (南京康尼机电股份有限公司) (603111.SH) reported a net profit of 80.1 million yuan in the first half of 2023, down 29.8% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 13% year-on-year.

At the end of the reporting period, it had 5.8 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 34.2%.