Shenzhen Changhong Technology Co.,Ltd.’s Net Profit Dropped 49.4% in First Half of 2023

Shenzhen Changhong Technology Co.,Ltd. (深圳市昌红科技股份有限公司) (300151.SZ) reported a net profit of 36.8 million yuan in the first half of 2023, down 49.4% year-on-year.

Meanwhile, the company posted 513.9 million yuan in revenue, down 9.6% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 783.8 million yuan in total liabilities, with a liability-to-asset ratio of 37.5%.