Shanghai Hugong Electric Group Co.,Ltd.’s Net Profit Rose 26.1% in First Half of 2023

Shanghai Hugong Electric Group Co.,Ltd. (上海沪工焊接集团股份有限公司) (603131.SH) reported a net profit of 29.3 million yuan in the first half of 2023, up 26.1% year-on-year.

Meanwhile, the company posted 412.8 million yuan in revenue, up 0.1% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 43.1%.