Guangzhou Zhiguang Electric Co.,Ltd. Posted 53.3 Million Yuan Net Profit in First Half of 2023

Guangzhou Zhiguang Electric Co.,Ltd. (广州智光电气股份有限公司) (002169.SZ) reported a net profit of 53.3 million yuan in the first half of 2023, reversing a net loss of 215.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 47% year-on-year.

At the end of the reporting period, it had 7 billion yuan in total assets and 3.7 billion yuan in total liabilities, with a liability-to-asset ratio of 52%.