Henan Yicheng New Energy Co.,Ltd.’s Net Profit Dropped 39.2% in First Three Quarters of 2023

Henan Yicheng New Energy Co.,Ltd. (河南易成新能源股份有限公司) (300080.SZ) reported a net profit of 121.2 million yuan in the first three quarters of 2023, down 39.2% year-on-year.

Meanwhile, the company posted 7.3 billion yuan in revenue, down 3.2% year-on-year.

At the end of the reporting period, it had 14.6 billion yuan in total assets and 8 billion yuan in total liabilities, with a liability-to-asset ratio of 54.6%.