Ningbo Tianlong Electronics Co.,Ltd.’s Net Profit Dropped 14.1% in First Half of 2023

Ningbo Tianlong Electronics Co.,Ltd. (宁波天龙电子股份有限公司) (603266.SH) reported a net profit of 53.7 million yuan in the first half of 2023, down 14.1% year-on-year.

Meanwhile, the company posted 605.3 million yuan in revenue, up 0.9% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 515.2 million yuan in total liabilities, with a liability-to-asset ratio of 27.2%.