Xiamen Kingdomway Group Company’s Net Profit Dropped 33% in First Half of 2023

Xiamen Kingdomway Group Company (厦门金达威集团股份有限公司) (002626.SZ) reported a net profit of 182.1 million yuan in the first half of 2023, down 33% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 0.8% year-on-year.

At the end of the reporting period, it had 5.8 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 33.7%.