Chengxin Lithium Group Co.,Ltd.’s Net Profit Dropped 74.6% in First Three Quarters of 2023

Chengxin Lithium Group Co.,Ltd. (盛新锂能集团股份有限公司) (002240.SZ) reported a net profit of 1.1 billion yuan in the first three quarters of 2023, down 74.6% year-on-year.

Meanwhile, the company posted 6.6 billion yuan in revenue, down 18.6% year-on-year.

At the end of the reporting period, it had 21.7 billion yuan in total assets and 8 billion yuan in total liabilities, with a liability-to-asset ratio of 36.8%.