Jiangxi Hongdu Aviation Industry Co.,Ltd.’s Net Profit Dropped 44.7% in First Three Quarters of 2023

Jiangxi Hongdu Aviation Industry Co.,Ltd. (江西洪都航空工业股份有限公司) (600316.SH) reported a net profit of 8.9 million yuan in the first three quarters of 2023, down 44.7% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 30.2% year-on-year.

At the end of the reporting period, it had 15.4 billion yuan in total assets and 10.1 billion yuan in total liabilities, with a liability-to-asset ratio of 65.7%.