Neway Cnc Equipment(Suzhou) Co.,Ltd.’s Net Profit Rose 30.6% in First Half of 2023

Neway Cnc Equipment(Suzhou) Co.,Ltd. (纽威数控装备(苏州)股份有限公司) (688697.SH) reported a net profit of 152.1 million yuan in the first half of 2023, up 30.6% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 31.1% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 59.5%.