Hubei Huaqiang High-Tech Co.,Ltd.’s Net Profit Dropped 69.7% in First Half of 2023

Hubei Huaqiang High-Tech Co.,Ltd. (湖北华强科技股份有限公司) (688151.SH) reported a net profit of 29 million yuan in the first half of 2023, down 69.7% year-on-year.

Meanwhile, the company posted 268.4 million yuan in revenue, down 21.8% year-on-year.

At the end of the reporting period, it had 5.1 billion yuan in total assets and 882.8 million yuan in total liabilities, with a liability-to-asset ratio of 17.4%.