Guangdong Jinming Machinery Co.,Ltd.’s Net Profit Dropped 28.9% in First Half of 2023

Guangdong Jinming Machinery Co.,Ltd. (广东金明精机股份有限公司) (300281.SZ) reported a net profit of 7.5 million yuan in the first half of 2023, down 28.9% year-on-year.

Meanwhile, the company posted 230.9 million yuan in revenue, down 4.9% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 193.6 million yuan in total liabilities, with a liability-to-asset ratio of 13.2%.