Zhejiang Tongli Transmission Technology Co.,Ltd.’s Net Profit Dropped 13.8% in First Three Quarters of 2023

Zhejiang Tongli Transmission Technology Co.,Ltd. (浙江通力传动科技股份有限公司) (301255.SZ) reported a net profit of 62.7 million yuan in the first three quarters of 2023, down 13.8% year-on-year.

Meanwhile, the company posted 340.6 million yuan in revenue, down 0.7% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 233 million yuan in total liabilities, with a liability-to-asset ratio of 18.5%.