Hongta Securities Co.,Ltd.’s Net Profit Dropped 12% in First Half of 2023

Hongta Securities Co.,Ltd. (红塔证券股份有限公司) (601236.SH) reported a net profit of 289 million yuan in the first half of 2023, down 12% year-on-year.

Meanwhile, the company posted 779.7 million yuan in revenue, down 12.3% year-on-year.

At the end of the reporting period, it had 48.6 billion yuan in total assets and 25.3 billion yuan in total liabilities, with a liability-to-asset ratio of 52%.