Wushang Group Co.,Ltd.’s Net Profit Dropped 56.3% in First Half of 2023

Wushang Group Co.,Ltd. (武商集团股份有限公司) (000501.SZ) reported a net profit of 117 million yuan in the first half of 2023, down 56.3% year-on-year.

Meanwhile, the company posted 3.7 billion yuan in revenue, up 10.4% year-on-year.

At the end of the reporting period, it had 31.9 billion yuan in total assets and 21 billion yuan in total liabilities, with a liability-to-asset ratio of 65.9%.