Shenzhen Prince New Materials Co.,Ltd.’s Net Profit Dropped 57.3% in First Three Quarters of 2023

Shenzhen Prince New Materials Co.,Ltd. (深圳王子新材料股份有限公司) (002735.SZ) reported a net profit of 23.6 million yuan in the first three quarters of 2023, down 57.3% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 2.9% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 52.1%.