Guangzhou Hangxin Aviation Technology Co.,Ltd.’s Net Profit Dropped 43.5% in First Half of 2023

Guangzhou Hangxin Aviation Technology Co.,Ltd. (广州航新航空科技股份有限公司) (300424.SZ) reported a net profit of 4.5 million yuan in the first half of 2023, down 43.5% year-on-year.

Meanwhile, the company posted 903 million yuan in revenue, up 57.7% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 67.6%.