Hengfeng Information Technology Co.,Ltd.’s Net Profit Dropped 67.5% in First Three Quarters of 2023

Hengfeng Information Technology Co.,Ltd. (恒锋信息科技股份有限公司) (300605.SZ) reported a net profit of 17 million yuan in the first three quarters of 2023, down 67.5% year-on-year.

Meanwhile, the company posted 405.6 million yuan in revenue, up 0.2% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 757.9 million yuan in total liabilities, with a liability-to-asset ratio of 56.4%.