Zhejiang Fenglong Electric Co.,Ltd.’s Net Profit Dropped 71.4% in First Half of 2023

Zhejiang Fenglong Electric Co.,Ltd. (浙江锋龙电气股份有限公司) (002931.SZ) reported a net profit of 10 million yuan in the first half of 2023, down 71.4% year-on-year.

Meanwhile, the company posted 226.7 million yuan in revenue, down 33% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 369.5 million yuan in total liabilities, with a liability-to-asset ratio of 33.7%.