Guangdong Rifeng Electric Cable Co.,Ltd.’s Net Profit Dropped 27.1% in First Three Quarters of 2022

Guangdong Rifeng Electric Cable Co.,Ltd. (广东日丰电缆股份有限公司) (002953.SZ) reported a net profit of 88 million yuan in the first three quarters of 2022, down 27.1% year-on-year.

Meanwhile, the company posted 2.7 billion yuan in revenue, up 11.1% year-on-year.

At the end of the reporting period, it had 2.8 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 52%.