Xi'An Shaangu Power Co.,Ltd.’s Net Profit Dropped 7.4% in First Half of 2023

Xi'An Shaangu Power Co.,Ltd. (西安陕鼓动力股份有限公司) (601369.SH) reported a net profit of 568.1 million yuan in the first half of 2023, down 7.4% year-on-year.

Meanwhile, the company posted 5.2 billion yuan in revenue, down 11.8% year-on-year.

At the end of the reporting period, it had 25.4 billion yuan in total assets and 16.7 billion yuan in total liabilities, with a liability-to-asset ratio of 65.7%.