Jiangsu Guomao Reducer Co.,Ltd.’s Net Profit Dropped 4.8% in First Half of 2023

Jiangsu Guomao Reducer Co.,Ltd. (江苏国茂减速机股份有限公司) (603915.SH) reported a net profit of 170.5 million yuan in the first half of 2023, down 4.8% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 0.6% year-on-year.

At the end of the reporting period, it had 4.7 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 29%.