Sinotrans Limited’s Net Profit Dropped 6.7% in First Half of 2023

Sinotrans Limited (中国外运股份有限公司) (601598.SH) reported a net profit of 2.3 billion yuan in the first half of 2023, down 6.7% year-on-year.

Meanwhile, the company posted 47.8 billion yuan in revenue, down 13.3% year-on-year.

At the end of the reporting period, it had 77.9 billion yuan in total assets and 39.3 billion yuan in total liabilities, with a liability-to-asset ratio of 50.4%.