Shanghai Yongli Belting Co.,Ltd.’s Net Profit Rose 20% in First Half of 2023

Shanghai Yongli Belting Co.,Ltd. (上海永利带业股份有限公司) (300230.SZ) reported a net profit of 99.8 million yuan in the first half of 2023, up 20% year-on-year.

Meanwhile, the company posted 854.4 million yuan in revenue, down 7.8% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 29.6%.