Linzhou Heavy Machinery Group.,Ltd. Posted 62.9 Million Yuan Net Profit in First Half of 2023

Linzhou Heavy Machinery Group.,Ltd. (林州重机集团股份有限公司) (002535.SZ) reported a net profit of 62.9 million yuan in the first half of 2023, reversing a net loss of 6.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 735.9 million yuan in revenue, up 72.4% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 88.4%.