Guangdong Modern High-Tech Fiber Co.,Ltd.’s Net Profit Dropped 38.6% in First Three Quarters of 2023

Guangdong Modern High-Tech Fiber Co.,Ltd. (广东蒙泰高新纤维股份有限公司) (300876.SZ) reported a net profit of 24.8 million yuan in the first three quarters of 2023, down 38.6% year-on-year.

Meanwhile, the company posted 329.2 million yuan in revenue, up 11.1% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 494 million yuan in total liabilities, with a liability-to-asset ratio of 33.7%.