Norinco International Cooperation Ltd.’s Net Profit Rose 18.8% in First Half of 2023

Norinco International Cooperation Ltd. (北方国际合作股份有限公司) (000065.SZ) reported a net profit of 526.9 million yuan in the first half of 2023, up 18.8% year-on-year.

Meanwhile, the company posted 10.4 billion yuan in revenue, up 92.9% year-on-year.

At the end of the reporting period, it had 23 billion yuan in total assets and 13.9 billion yuan in total liabilities, with a liability-to-asset ratio of 60.8%.