Qingdao Tgood Electric Co.,Ltd. Posted 70.2 Million Yuan Net Profit in First Half of 2023

Qingdao Tgood Electric Co.,Ltd. (青岛特锐德电气股份有限公司) (300001.SZ) reported a net profit of 70.2 million yuan in the first half of 2023, reversing a net loss of 16.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 5.6 billion yuan in revenue, up 24.6% year-on-year.

At the end of the reporting period, it had 21.7 billion yuan in total assets and 14.4 billion yuan in total liabilities, with a liability-to-asset ratio of 66.1%.