Tongyu Heavy Industry Co.,Ltd.’s Net Profit Rose 64.1% in First Half of 2023

Tongyu Heavy Industry Co.,Ltd. (通裕重工股份有限公司) (300185.SZ) reported a net profit of 185 million yuan in the first half of 2023, up 64.1% year-on-year.

Meanwhile, the company posted 2.9 billion yuan in revenue, down 0.6% year-on-year.

At the end of the reporting period, it had 16.6 billion yuan in total assets and 9.6 billion yuan in total liabilities, with a liability-to-asset ratio of 57.9%.