Aofu Environmental Technology Co.,Ltd. Posted 9.7 Million Yuan Net Profit in First Three Quarters of 2023

Aofu Environmental Technology Co.,Ltd. (山东奥福环保科技股份有限公司) (688021.SH) reported a net profit of 9.7 million yuan in the first three quarters of 2023, reversing a net loss of 2 million yuan for the same period in the previous year.

Meanwhile, the company posted 251.6 million yuan in revenue, up 83.5% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 589.7 million yuan in total liabilities, with a liability-to-asset ratio of 38.3%.