Hunan Valin Wire&Cable Co.,Ltd.’s Net Profit Dropped 38.9% in First Half of 2023

Hunan Valin Wire&Cable Co.,Ltd. (湖南华菱线缆股份有限公司) (001208.SZ) reported a net profit of 38.2 million yuan in the first half of 2023, down 38.9% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 19.8% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 59.6%.