Shenzhen Bingchuan Network Co.,Ltd.’s Net Profit Dropped 47.2% in First Half of 2023

Shenzhen Bingchuan Network Co.,Ltd. (深圳冰川网络股份有限公司) (300533.SZ) reported a net profit of 157.6 million yuan in the first half of 2023, down 47.2% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, up 70% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 37.4%.