Fangda Carbon New Material Co.,Ltd.’s Net Profit Dropped 18.9% in First Three Quarters of 2023

Fangda Carbon New Material Co.,Ltd. (方大炭素新材料科技股份有限公司) (600516.SH) reported a net profit of 395.3 million yuan in the first three quarters of 2023, down 18.9% year-on-year.

Meanwhile, the company posted 3.9 billion yuan in revenue, down 1.2% year-on-year.

At the end of the reporting period, it had 21.8 billion yuan in total assets and 3.4 billion yuan in total liabilities, with a liability-to-asset ratio of 15.7%.