Hunan Valin Wire&Cable Co.,Ltd.’s Net Profit Dropped 25.3% in First Three Quarters of 2023

Hunan Valin Wire&Cable Co.,Ltd. (湖南华菱线缆股份有限公司) (001208.SZ) reported a net profit of 62.4 million yuan in the first three quarters of 2023, down 25.3% year-on-year.

Meanwhile, the company posted 2.6 billion yuan in revenue, up 20.5% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 62.3%.