Lanzhou Lishang Guochao Industrial Group Co.,Ltd.’s Net Profit Dropped 71.9% in First Half of 2023

Lanzhou Lishang Guochao Industrial Group Co.,Ltd. (兰州丽尚国潮实业集团股份有限公司) (600738.SH) reported a net profit of 44.4 million yuan in the first half of 2023, down 71.9% year-on-year.

Meanwhile, the company posted 472 million yuan in revenue, up 9.2% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 46.8%.