China Tungsten And Hightech Materials Co.,Ltd.’s Net Profit Dropped 24.1% in First Three Quarters of 2023

China Tungsten And Hightech Materials Co.,Ltd. (中钨高新材料股份有限公司) (000657.SZ) reported a net profit of 373.9 million yuan in the first three quarters of 2023, down 24.1% year-on-year.

Meanwhile, the company posted 9.5 billion yuan in revenue, down 4.2% year-on-year.

At the end of the reporting period, it had 13 billion yuan in total assets and 6.5 billion yuan in total liabilities, with a liability-to-asset ratio of 50.4%.