Qingdao Hanhe Cable Co.,Ltd.’s Net Profit Dropped 15.3% in First Half of 2023

Qingdao Hanhe Cable Co.,Ltd. (青岛汉缆股份有限公司) (002498.SZ) reported a net profit of 419.6 million yuan in the first half of 2023, down 15.3% year-on-year.

Meanwhile, the company posted 4.4 billion yuan in revenue, down 7.1% year-on-year.

At the end of the reporting period, it had 10.2 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 27.3%.