Hunan Yuneng New Energy Battery Material Co.,Ltd.’s Net Profit Dropped 27.2% in First Three Quarters of 2023

Hunan Yuneng New Energy Battery Material Co.,Ltd. (湖南裕能新能源电池材料股份有限公司) (301358.SZ) reported a net profit of 1.5 billion yuan in the first three quarters of 2023, down 27.2% year-on-year.

Meanwhile, the company posted 34.3 billion yuan in revenue, up 29.4% year-on-year.

At the end of the reporting period, it had 27.2 billion yuan in total assets and 15.9 billion yuan in total liabilities, with a liability-to-asset ratio of 58.6%.