Ming Yang Smart Energy Group Limited’s Net Profit Dropped 73.1% in First Half of 2023

Ming Yang Smart Energy Group Limited (明阳智慧能源集团股份公司) (601615.SH) reported a net profit of 658 million yuan in the first half of 2023, down 73.1% year-on-year.

Meanwhile, the company posted 10.6 billion yuan in revenue, down 25.8% year-on-year.

At the end of the reporting period, it had 75.1 billion yuan in total assets and 46.8 billion yuan in total liabilities, with a liability-to-asset ratio of 62.3%.