Baiyang Investment Group,Inc.’s Net Profit Dropped 31.6% in First Half of 2023

Baiyang Investment Group,Inc. (百洋产业投资集团股份有限公司) (002696.SZ) reported a net profit of 22.5 million yuan in the first half of 2023, down 31.6% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 15% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 47.5%.