Hebei Hengshui Laobaigan Liquor Co.,Ltd.’s Net Profit Dropped 40.2% in First Half of 2023

Hebei Hengshui Laobaigan Liquor Co.,Ltd. (河北衡水老白干酒业股份有限公司) (600559.SH) reported a net profit of 217 million yuan in the first half of 2023, down 40.2% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, up 10.2% year-on-year.

At the end of the reporting period, it had 9 billion yuan in total assets and 4.7 billion yuan in total liabilities, with a liability-to-asset ratio of 52%.