Wolong Electric Group Co.,Ltd.’s Net Profit Rose 18.6% in First Half of 2023

Wolong Electric Group Co.,Ltd. (卧龙电气驱动集团股份有限公司) (600580.SH) reported a net profit of 628.3 million yuan in the first half of 2023, up 18.6% year-on-year.

Meanwhile, the company posted 7.9 billion yuan in revenue, up 10.1% year-on-year.

At the end of the reporting period, it had 25.3 billion yuan in total assets and 14.2 billion yuan in total liabilities, with a liability-to-asset ratio of 56.3%.