Xinxing Ductile Iron Pipes Co.,Ltd.’s Net Profit Dropped 26.5% in First Three Quarters of 2023

Xinxing Ductile Iron Pipes Co.,Ltd. (新兴铸管股份有限公司) (000778.SZ) reported a net profit of 1.2 billion yuan in the first three quarters of 2023, down 26.5% year-on-year.

Meanwhile, the company posted 36.3 billion yuan in revenue, down 5.6% year-on-year.

At the end of the reporting period, it had 56.3 billion yuan in total assets and 28.1 billion yuan in total liabilities, with a liability-to-asset ratio of 49.9%.