Ningbo Haitian Precision Machinery Co.,Ltd.’s Net Profit Rose 25.7% in First Half of 2023

Ningbo Haitian Precision Machinery Co.,Ltd. (宁波海天精工股份有限公司) (601882.SH) reported a net profit of 321.4 million yuan in the first half of 2023, up 25.7% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 11.9% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 53.7%.