Hefei Metalforming Intelligent Manufacturing Co.,Ltd.’s Net Profit Dropped 29.4% in First Half of 2023

Hefei Metalforming Intelligent Manufacturing Co.,Ltd. (合肥合锻智能制造股份有限公司) (603011.SH) reported a net profit of 46.2 million yuan in the first half of 2023, down 29.4% year-on-year.

Meanwhile, the company posted 776.9 million yuan in revenue, up 5.8% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 44.8%.