Hubei Xiangyuan New Material Technology Inc.’s Net Profit Dropped 36.1% in First Three Quarters of 2023

Hubei Xiangyuan New Material Technology Inc. (湖北祥源新材科技股份有限公司) (300980.SZ) reported a net profit of 33 million yuan in the first three quarters of 2023, down 36.1% year-on-year.

Meanwhile, the company posted 267.8 million yuan in revenue, down 6.8% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 594.2 million yuan in total liabilities, with a liability-to-asset ratio of 36.4%.