Guangdong Guanghong Holdings Co.,Ltd.’s Net Profit Dropped 11.8% in First Half of 2023

Guangdong Guanghong Holdings Co.,Ltd. (广东广弘控股股份有限公司) (000529.SZ) reported a net profit of 128.2 million yuan in the first half of 2023, down 11.8% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 28.7% year-on-year.

At the end of the reporting period, it had 6.4 billion yuan in total assets and 3.3 billion yuan in total liabilities, with a liability-to-asset ratio of 51.6%.