Grinm Advanced Materials Co.,Ltd.’s Net Profit Dropped 50.1% in First Three Quarters of 2023

Grinm Advanced Materials Co.,Ltd. (有研新材料股份有限公司) (600206.SH) reported a net profit of 136.1 million yuan in the first three quarters of 2023, down 50.1% year-on-year.

Meanwhile, the company posted 8.3 billion yuan in revenue, down 29.1% year-on-year.

At the end of the reporting period, it had 6 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 33.6%.