Keda Industrial Group Co.,Ltd.’s Net Profit Dropped 39.3% in First Three Quarters of 2023

Keda Industrial Group Co.,Ltd. (科达制造股份有限公司) (600499.SH) reported a net profit of 2.6 billion yuan in the first three quarters of 2023, down 39.3% year-on-year.

Meanwhile, the company posted 7 billion yuan in revenue, down 17.6% year-on-year.

At the end of the reporting period, it had 24.7 billion yuan in total assets and 10.8 billion yuan in total liabilities, with a liability-to-asset ratio of 43.5%.