Zhejiang Hongchang Electrical Technology Co.,Ltd.’s Net Profit Rose 11.8% in First Half of 2023

Zhejiang Hongchang Electrical Technology Co.,Ltd. (浙江宏昌电器科技股份有限公司) (301008.SZ) reported a net profit of 32.4 million yuan in the first half of 2023, up 11.8% year-on-year.

Meanwhile, the company posted 365.2 million yuan in revenue, up 0.8% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 465.1 million yuan in total liabilities, with a liability-to-asset ratio of 31.1%.