Motic(Xiamen) Electric Group Co.,Ltd.’s Net Profit Dropped 31.9% in First Half of 2023

Motic(Xiamen) Electric Group Co.,Ltd. (麦克奥迪(厦门)电气股份有限公司) (300341.SZ) reported a net profit of 76.9 million yuan in the first half of 2023, down 31.9% year-on-year.

Meanwhile, the company posted 678 million yuan in revenue, down 15.8% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 490.4 million yuan in total liabilities, with a liability-to-asset ratio of 21.5%.