Guangzhou Baiyun Electric Equipment Co.,Ltd. Posted 54.7 Million Yuan Net Profit in First Half of 2023

Guangzhou Baiyun Electric Equipment Co.,Ltd. (广州白云电器设备股份有限公司) (603861.SH) reported a net profit of 54.7 million yuan in the first half of 2023, reversing a net loss of 65.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 64.1% year-on-year.

At the end of the reporting period, it had 8.6 billion yuan in total assets and 5.6 billion yuan in total liabilities, with a liability-to-asset ratio of 64.7%.