Xcmg Construction Machinery Co.,Ltd.’s Net Profit Dropped 5.2% in First Half of 2023

Xcmg Construction Machinery Co.,Ltd. (徐工集团工程机械股份有限公司) (000425.SZ) reported a net profit of 3.5 billion yuan in the first half of 2023, down 5.2% year-on-year.

Meanwhile, the company posted 51.3 billion yuan in revenue, down 4.8% year-on-year.

At the end of the reporting period, it had 170.6 billion yuan in total assets and 115 billion yuan in total liabilities, with a liability-to-asset ratio of 67.5%.