Hangzhou Changchuan Technology Co.,Ltd.’s Net Profit Dropped 96.3% in First Three Quarters of 2023

Hangzhou Changchuan Technology Co.,Ltd. (杭州长川科技股份有限公司) (300604.SZ) reported a net profit of 12.5 million yuan in the first three quarters of 2023, down 96.3% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 31.1% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 38.4%.