Xinjiang Sayram Modern Agriculture Co.,Ltd. Posted 9.9 Million Yuan Net Profit in First Half of 2023

Xinjiang Sayram Modern Agriculture Co.,Ltd. (新疆赛里木现代农业股份有限公司) (600540.SH) reported a net profit of 9.9 million yuan in the first half of 2023, reversing a net loss of 63 million yuan for the same period in the previous year.

Meanwhile, the company posted 495.3 million yuan in revenue, up 55.8% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 67.3%.