Henan Mingtai Al.Industrial Co.,Ltd.’s Net Profit Dropped 29.1% in First Half of 2023

Henan Mingtai Al.Industrial Co.,Ltd. (河南明泰铝业股份有限公司) (601677.SH) reported a net profit of 803.2 million yuan in the first half of 2023, down 29.1% year-on-year.

Meanwhile, the company posted 12.6 billion yuan in revenue, down 18.3% year-on-year.

At the end of the reporting period, it had 20.1 billion yuan in total assets and 7 billion yuan in total liabilities, with a liability-to-asset ratio of 34.6%.