China Marine Information Electronics Company Limited’s Net Profit Dropped 37.3% in First Half of 2023

China Marine Information Electronics Company Limited (中国船舶重工集团海洋防务与信息对抗股份有限公司) (600764.SH) reported a net profit of 90.2 million yuan in the first half of 2023, down 37.3% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 8.3% year-on-year.

At the end of the reporting period, it had 10.9 billion yuan in total assets and 3 billion yuan in total liabilities, with a liability-to-asset ratio of 27.9%.