Xiangtan Electric Manufacturing Co.,Ltd.’s Net Profit Rose 25.4% in First Half of 2023

Xiangtan Electric Manufacturing Co.,Ltd. (湘潭电机股份有限公司) (600416.SH) reported a net profit of 193.2 million yuan in the first half of 2023, up 25.4% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, up 0.5% year-on-year.

At the end of the reporting period, it had 14 billion yuan in total assets and 6.9 billion yuan in total liabilities, with a liability-to-asset ratio of 49.2%.