Shandong Longji Machinery Co.,Ltd.’s Net Profit Dropped 49.7% in First Three Quarters of 2021

Shandong Longji Machinery Co.,Ltd. (山东隆基机械股份有限公司) (002363.SZ) reported a net profit of 27.5 million yuan in the first three quarters of 2021, down 49.7% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, up 18.9% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 32%.

This article was automatically produced by Caixin Automation on Nov. 3, 2021.

Download our app to receive breaking news alerts and read the news on the go.

Follow the Chinese markets in real time with Caixin Global’s new stock database.