Hangzhou Zhongheng Electric Co.,Ltd.’s Net Profit Rose 25.5% in First Half of 2023

Hangzhou Zhongheng Electric Co.,Ltd. (杭州中恒电气股份有限公司) (002364.SZ) reported a net profit of 11.4 million yuan in the first half of 2023, up 25.5% year-on-year.

Meanwhile, the company posted 655 million yuan in revenue, up 5.2% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 760.1 million yuan in total liabilities, with a liability-to-asset ratio of 25.2%.