Ningbo Dechang Electrical Machinery Co.,Ltd.’s Net Profit Rose 2.2% in First Half of 2023

Ningbo Dechang Electrical Machinery Co.,Ltd. (宁波德昌电机股份有限公司) (605555.SH) reported a net profit of 171.5 million yuan in the first half of 2023, up 2.2% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 13.3% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 35.9%.