Chongqing Zongshen Power Machinery Co.,Ltd.’s Net Profit Dropped 0.3% in First Half of 2023

Chongqing Zongshen Power Machinery Co.,Ltd. (重庆宗申动力机械股份有限公司) (001696.SZ) reported a net profit of 272.6 million yuan in the first half of 2023, down 0.3% year-on-year.

Meanwhile, the company posted 4 billion yuan in revenue, down 12.7% year-on-year.

At the end of the reporting period, it had 9.5 billion yuan in total assets and 4.4 billion yuan in total liabilities, with a liability-to-asset ratio of 46.1%.