Mingxin Automotive Leather Co.,Ltd.’s Net Profit Dropped 10.3% in First Three Quarters of 2021

Mingxin Automotive Leather Co.,Ltd. (明新旭腾新材料股份有限公司) (605068.SH) reported a net profit of 143 million yuan in the first three quarters of 2021, down 10.3% year-on-year.

Meanwhile, the company posted 574.2 million yuan in revenue, up 1.2% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 720.8 million yuan in total liabilities, with a liability-to-asset ratio of 29.5%.

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

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