Zhengzhou Machinery's Net Profit for the First Half of 2020 Was 1.308 Million, Down 59.43 Percent

Zhengzhou Machinery recently released its 2020 half-yearly report, as of June 30, 2020, the company achieved operating income of RMB38,261,911.87 in the first half of 2020, down 7.35% YoY; As of June 30, 2020, the total assets of the Company at the end of the reporting period were 181,063,424.23 yuan, an increase of 11.56% over the end of the previous year, and the net assets attributable to shareholders of listed companies were 111,016,097.13 yuan, an increase of 2.82% over the end of the previous year. It is understood that operating income decreased by 7.35% year-on-year, mainly due to the impact of the outbreak. Net profit decreased by 60.03 percent, mainly due to lower gross margin and bad debt preparation affected by the outbreak.