Ningbo Marine Company Limited’s Net Profit Dropped 21.7% in First Half of 2023

Ningbo Marine Company Limited (宁波海运股份有限公司) (600798.SH) reported a net profit of 88.7 million yuan in the first half of 2023, down 21.7% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 7.1% year-on-year.

At the end of the reporting period, it had 6.9 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 25.7%.