Shenzhen Glory Medical Co.,Ltd. Posted 11.7 Million Yuan Net Profit in First Half of 2023

Shenzhen Glory Medical Co.,Ltd. (深圳市尚荣医疗股份有限公司) (002551.SZ) reported a net profit of 11.7 million yuan in the first half of 2023, reversing a net loss of 41.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 600 million yuan in revenue, down 4.4% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 30.2%.