Chengdu Hongqi Chain Co.,Ltd.’s Net Profit Rose 14% in First Three Quarters of 2023

Chengdu Hongqi Chain Co.,Ltd. (成都红旗连锁股份有限公司) (002697.SZ) reported a net profit of 407.2 million yuan in the first three quarters of 2023, up 14% year-on-year.

Meanwhile, the company posted 7.6 billion yuan in revenue, up 0.9% year-on-year.

At the end of the reporting period, it had 7.9 billion yuan in total assets and 3.9 billion yuan in total liabilities, with a liability-to-asset ratio of 49.6%.