Shandong New Beiyang Information Technology Co.,Ltd.’s Net Profit Dropped 49.7% in First Half of 2023

Shandong New Beiyang Information Technology Co.,Ltd. (山东新北洋信息技术股份有限公司) (002376.SZ) reported a net profit of 20.3 million yuan in the first half of 2023, down 49.7% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 12.6% year-on-year.

At the end of the reporting period, it had 5.5 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 38.2%.