Jiangsu Newamstar Packaging Machinery Co.,Ltd.’s Net Profit Dropped 48.4% in First Three Quarters of 2023

Jiangsu Newamstar Packaging Machinery Co.,Ltd. (江苏新美星包装机械股份有限公司) (300509.SZ) reported a net profit of 24 million yuan in the first three quarters of 2023, down 48.4% year-on-year.

Meanwhile, the company posted 678.4 million yuan in revenue, up 25.5% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 64.4%.