Xinhu Zhongbao Co.,Ltd.’s Net Profit Rose 47% in First Half of 2023

Xinhu Zhongbao Co.,Ltd. (新湖中宝股份有限公司) (600208.SH) reported a net profit of 1.6 billion yuan in the first half of 2023, up 47% year-on-year.

Meanwhile, the company posted 2.8 billion yuan in revenue, down 44% year-on-year.

At the end of the reporting period, it had 124.9 billion yuan in total assets and 80.6 billion yuan in total liabilities, with a liability-to-asset ratio of 64.5%.