Anhui Wanwei Updated High-Tech Material Industry Company Limited’s Net Profit Dropped 68.9% in First Three Quarters of 2023

Anhui Wanwei Updated High-Tech Material Industry Company Limited (安徽皖维高新材料股份有限公司) (600063.SH) reported a net profit of 402.7 million yuan in the first three quarters of 2023, down 68.9% year-on-year.

Meanwhile, the company posted 6.7 billion yuan in revenue, down 8% year-on-year.

At the end of the reporting period, it had 14.8 billion yuan in total assets and 6.9 billion yuan in total liabilities, with a liability-to-asset ratio of 46.5%.