Xiamen Xiangyu Co.,Ltd.’s Net Profit Dropped 51.5% in First Half of 2023

Xiamen Xiangyu Co.,Ltd. (厦门象屿股份有限公司) (600057.SH) reported a net profit of 1 billion yuan in the first half of 2023, down 51.5% year-on-year.

Meanwhile, the company posted 233.5 billion yuan in revenue, down 8.1% year-on-year.

At the end of the reporting period, it had 129.5 billion yuan in total assets and 90.9 billion yuan in total liabilities, with a liability-to-asset ratio of 70.2%.