Changzhou Kaidi Electrical Inc.’s Net Profit Rose 47.5% in First Half of 2023

Changzhou Kaidi Electrical Inc. (常州市凯迪电器股份有限公司) (605288.SH) reported a net profit of 50 million yuan in the first half of 2023, up 47.5% year-on-year.

Meanwhile, the company posted 553.4 million yuan in revenue, down 10.3% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 514.2 million yuan in total liabilities, with a liability-to-asset ratio of 19.6%.