Gem-Year Industrial Co.,Ltd.’s Net Profit Dropped 99.3% in First Three Quarters of 2023

Gem-Year Industrial Co.,Ltd. (晋亿实业股份有限公司) (601002.SH) reported a net profit of 764,728 yuan in the first three quarters of 2023, down 99.3% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 18.4% year-on-year.

At the end of the reporting period, it had 5.1 billion yuan in total assets and 935.4 million yuan in total liabilities, with a liability-to-asset ratio of 18.3%.