Tongkun Group Co.,Ltd.’s Net Profit Dropped 94.7% in First Half of 2023

Tongkun Group Co.,Ltd. (桐昆集团股份有限公司) (601233.SH) reported a net profit of 122.2 million yuan in the first half of 2023, down 94.7% year-on-year.

Meanwhile, the company posted 36.9 billion yuan in revenue, up 23.6% year-on-year.

At the end of the reporting period, it had 101.5 billion yuan in total assets and 66.3 billion yuan in total liabilities, with a liability-to-asset ratio of 65.3%.