Kingfa Sci.&Tech.Co.,Ltd.’s Net Profit Dropped 68% in First Three Quarters of 2023

Kingfa Sci.&Tech.Co.,Ltd. (金发科技股份有限公司) (600143.SH) reported a net profit of 384.4 million yuan in the first three quarters of 2023, down 68% year-on-year.

Meanwhile, the company posted 34.3 billion yuan in revenue, up 17% year-on-year.

At the end of the reporting period, it had 59.8 billion yuan in total assets and 41.6 billion yuan in total liabilities, with a liability-to-asset ratio of 69.6%.