Befar Group Co.,Ltd.’s Net Profit Dropped 71.6% in First Three Quarters of 2023

Befar Group Co.,Ltd. (滨化集团股份有限公司) (601678.SH) reported a net profit of 293.7 million yuan in the first three quarters of 2023, down 71.6% year-on-year.

Meanwhile, the company posted 5.4 billion yuan in revenue, down 19.9% year-on-year.

At the end of the reporting period, it had 19.3 billion yuan in total assets and 7.9 billion yuan in total liabilities, with a liability-to-asset ratio of 40.8%.