Dazhong Transportion(Group) Co.,Ltd. Posted 231.3 Million Yuan Net Profit in First Half of 2023

Dazhong Transportion(Group) Co.,Ltd. (大众交通(集团)股份有限公司) (600611.SH) reported a net profit of 231.3 million yuan in the first half of 2023, reversing a net loss of 179.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 130% year-on-year.

At the end of the reporting period, it had 20.1 billion yuan in total assets and 9.8 billion yuan in total liabilities, with a liability-to-asset ratio of 48.8%.