Kingfa Sci.&Tech.Co.,Ltd.’s Net Profit Dropped 44.7% in First Half of 2023

Kingfa Sci.&Tech.Co.,Ltd. (金发科技股份有限公司) (600143.SH) reported a net profit of 443.5 million yuan in the first half of 2023, down 44.7% year-on-year.

Meanwhile, the company posted 20.3 billion yuan in revenue, up 4.5% year-on-year.

At the end of the reporting period, it had 58.1 billion yuan in total assets and 40 billion yuan in total liabilities, with a liability-to-asset ratio of 68.8%.