Crrc Corporation Limited’s Net Profit Rose 11.3% in First Half of 2023

Crrc Corporation Limited (中国中车股份有限公司) (601766.SH) reported a net profit of 4.5 billion yuan in the first half of 2023, up 11.3% year-on-year.

Meanwhile, the company posted 87.3 billion yuan in revenue, up 7.4% year-on-year.

At the end of the reporting period, it had 463.4 billion yuan in total assets and 273.4 billion yuan in total liabilities, with a liability-to-asset ratio of 59%.