Chongqing Zongshen Power Machinery Co.,Ltd.’s Net Profit Dropped 4.7% in First Three Quarters of 2023

Chongqing Zongshen Power Machinery Co.,Ltd. (重庆宗申动力机械股份有限公司) (001696.SZ) reported a net profit of 392 million yuan in the first three quarters of 2023, down 4.7% year-on-year.

Meanwhile, the company posted 5.8 billion yuan in revenue, down 8.7% year-on-year.

At the end of the reporting period, it had 9.7 billion yuan in total assets and 4.4 billion yuan in total liabilities, with a liability-to-asset ratio of 45.3%.