Ningxia Qinglong Pipes Industry Group Co.,Ltd.’s Net Profit Dropped 84.1% in First Three Quarters of 2023

Ningxia Qinglong Pipes Industry Group Co.,Ltd. (宁夏青龙管业集团股份有限公司) (002457.SZ) reported a net profit of 15.7 million yuan in the first three quarters of 2023, down 84.1% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 19.8% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 39.9%.