Wuhan Raycus Fiber Laser Technologies Co.,Ltd.’s Net Profit Rose 322.4% in First Three Quarters of 2023

Wuhan Raycus Fiber Laser Technologies Co.,Ltd. (武汉锐科光纤激光技术股份有限公司) (300747.SZ) reported a net profit of 177.3 million yuan in the first three quarters of 2023, up 322.4% year-on-year.

Meanwhile, the company posted 2.6 billion yuan in revenue, up 11.3% year-on-year.

At the end of the reporting period, it had 5.9 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 44.1%.