Shanghai Zhenhua Heavy Industries Co.,Ltd.’s Net Profit Rose 129.8% in First Half of 2023

Shanghai Zhenhua Heavy Industries Co.,Ltd. (上海振华重工(集团)股份有限公司) (600320.SH) reported a net profit of 363.7 million yuan in the first half of 2023, up 129.8% year-on-year.

Meanwhile, the company posted 13.4 billion yuan in revenue, up 7.3% year-on-year.

At the end of the reporting period, it had 86.7 billion yuan in total assets and 68.1 billion yuan in total liabilities, with a liability-to-asset ratio of 78.6%.