Oke Precision Cutting Tools Co.,Ltd.’s Net Profit Dropped 5.7% in First Half of 2023

Oke Precision Cutting Tools Co.,Ltd. (株洲欧科亿数控精密刀具股份有限公司) (688308.SH) reported a net profit of 108.4 million yuan in the first half of 2023, down 5.7% year-on-year.

Meanwhile, the company posted 532.7 million yuan in revenue, up 1.3% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 28.1%.