Qifeng New Material Co.,Ltd.’s Net Profit Rose 3624.8% in First Three Quarters of 2023

Qifeng New Material Co.,Ltd. (齐峰新材料股份有限公司) (002521.SZ) reported a net profit of 158.3 million yuan in the first three quarters of 2023, up 3624.8% year-on-year.

Meanwhile, the company posted 2.7 billion yuan in revenue, up 10.4% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 26.6%.