Kailong High Technology Co.,Ltd. Posted 7 Million Yuan Net Profit in First Half of 2023

Kailong High Technology Co.,Ltd. (凯龙高科技股份有限公司) (300912.SZ) reported a net profit of 7 million yuan in the first half of 2023, reversing a net loss of 31.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 588.7 million yuan in revenue, up 57.8% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 55%.