Linzhou Heavy Machinery Group.,Ltd.’s Net Profit Rose 4708.2% in First Three Quarters of 2023

Linzhou Heavy Machinery Group.,Ltd. (林州重机集团股份有限公司) (002535.SZ) reported a net profit of 90.5 million yuan in the first three quarters of 2023, up 4708.2% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 64.7% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 3.5 billion yuan in total liabilities, with a liability-to-asset ratio of 87.5%.