Guangdong Xinbao Electrical Appliances Holdings Co.,Ltd.’s Net Profit Dropped 17.6% in First Half of 2023

Guangdong Xinbao Electrical Appliances Holdings Co.,Ltd. (广东新宝电器股份有限公司) (002705.SZ) reported a net profit of 420.6 million yuan in the first half of 2023, down 17.6% year-on-year.

Meanwhile, the company posted 6.4 billion yuan in revenue, down 10.8% year-on-year.

At the end of the reporting period, it had 13.3 billion yuan in total assets and 6.1 billion yuan in total liabilities, with a liability-to-asset ratio of 46.1%.