Xiamen Xinde Co.,Ltd.’s Net Profit Dropped 61.1% in First Half of 2023

Xiamen Xinde Co.,Ltd. (厦门信达股份有限公司) (000701.SZ) reported a net profit of 40.4 million yuan in the first half of 2023, down 61.1% year-on-year.

Meanwhile, the company posted 38.3 billion yuan in revenue, down 18.7% year-on-year.

At the end of the reporting period, it had 21 billion yuan in total assets and 16.6 billion yuan in total liabilities, with a liability-to-asset ratio of 79.2%.