Cngr Advanced Material Co.,Ltd.’s Net Profit Rose 40.6% in First Three Quarters of 2023

Cngr Advanced Material Co.,Ltd. (中伟新材料股份有限公司) (300919.SZ) reported a net profit of 1.5 billion yuan in the first three quarters of 2023, up 40.6% year-on-year.

Meanwhile, the company posted 26.2 billion yuan in revenue, up 17.5% year-on-year.

At the end of the reporting period, it had 60 billion yuan in total assets and 34.5 billion yuan in total liabilities, with a liability-to-asset ratio of 57.5%.