Qinchuan Machine Tool&Tool Group Share Co.,Ltd.’s Net Profit Dropped 47.2% in First Half of 2023

Qinchuan Machine Tool&Tool Group Share Co.,Ltd. (秦川机床工具集团股份公司) (000837.SZ) reported a net profit of 89 million yuan in the first half of 2023, down 47.2% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, down 7.7% year-on-year.

At the end of the reporting period, it had 9.9 billion yuan in total assets and 4.5 billion yuan in total liabilities, with a liability-to-asset ratio of 45.2%.