Shanghai Kindly Enterprise Development Group Co.,Ltd.’s Net Profit Dropped 28.9% in First Half of 2023

Shanghai Kindly Enterprise Development Group Co.,Ltd. (上海康德莱企业发展集团股份有限公司) (603987.SH) reported a net profit of 160.6 million yuan in the first half of 2023, down 28.9% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 21.9% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 36.5%.