Wenzhou Hongfeng Electrical Alloy Co.,Ltd.’s Net Profit Rose 164.4% in First Three Quarters of 2023

Wenzhou Hongfeng Electrical Alloy Co.,Ltd. (温州宏丰电工合金股份有限公司) (300283.SZ) reported a net profit of 45.7 million yuan in the first three quarters of 2023, up 164.4% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, up 41% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 60.6%.