Jiangsu Rainbow Heavy Industries Co.,Ltd.’s Net Profit Rose 48.4% in First Half of 2023

Jiangsu Rainbow Heavy Industries Co.,Ltd. (江苏润邦重工股份有限公司) (002483.SZ) reported a net profit of 199.2 million yuan in the first half of 2023, up 48.4% year-on-year.

Meanwhile, the company posted 3 billion yuan in revenue, up 80.6% year-on-year.

At the end of the reporting period, it had 12 billion yuan in total assets and 7.7 billion yuan in total liabilities, with a liability-to-asset ratio of 64.5%.