Guangdong Huatie Tongda High-Speed Railway Equipment Corporation’s Net Profit Dropped 84.1% in First Half of 2023

Guangdong Huatie Tongda High-Speed Railway Equipment Corporation (广东华铁通达高铁装备股份有限公司) (000976.SZ) reported a net profit of 36.4 million yuan in the first half of 2023, down 84.1% year-on-year.

Meanwhile, the company posted 447.3 million yuan in revenue, down 64.1% year-on-year.

At the end of the reporting period, it had 6.2 billion yuan in total assets and 3 billion yuan in total liabilities, with a liability-to-asset ratio of 48.6%.