Qingdao Huijintong Power Equipment Co.,Ltd.’s Net Profit Dropped 17.1% in First Half of 2023

Qingdao Huijintong Power Equipment Co.,Ltd. (青岛汇金通电力设备股份有限公司) (603577.SH) reported a net profit of 29.7 million yuan in the first half of 2023, down 17.1% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, up 4.7% year-on-year.

At the end of the reporting period, it had 5.4 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 66.7%.