Zhuzhou Kibing Group Co.,Ltd.’s Net Profit Dropped 39.7% in First Half of 2023

Zhuzhou Kibing Group Co.,Ltd. (株洲旗滨集团股份有限公司) (601636.SH) reported a net profit of 652.6 million yuan in the first half of 2023, down 39.7% year-on-year.

Meanwhile, the company posted 6.9 billion yuan in revenue, up 6.1% year-on-year.

At the end of the reporting period, it had 28.2 billion yuan in total assets and 14.6 billion yuan in total liabilities, with a liability-to-asset ratio of 51.7%.