Nantong Haixing Electronics Co.,Ltd.’s Net Profit Dropped 71.6% in First Half of 2023

Nantong Haixing Electronics Co.,Ltd. (南通海星电子股份有限公司) (603115.SH) reported a net profit of 37.6 million yuan in the first half of 2023, down 71.6% year-on-year.

Meanwhile, the company posted 898.4 million yuan in revenue, down 4.7% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 550.1 million yuan in total liabilities, with a liability-to-asset ratio of 22.5%.