Hollyland(China) Electronics Technology Corp.,Ltd.’s Net Profit Dropped 49% in First Half of 2023

Hollyland(China) Electronics Technology Corp.,Ltd. (好利来(中国)电子科技股份有限公司) (002729.SZ) reported a net profit of 8.2 million yuan in the first half of 2023, down 49% year-on-year.

Meanwhile, the company posted 126.5 million yuan in revenue, up 6% year-on-year.

At the end of the reporting period, it had 642.5 million yuan in total assets and 162.8 million yuan in total liabilities, with a liability-to-asset ratio of 25.3%.