Jiangsu Changhai Composite Materials Co.,Ltd.’s Net Profit Dropped 52.2% in First Three Quarters of 2023

Jiangsu Changhai Composite Materials Co.,Ltd. (江苏长海复合材料股份有限公司) (300196.SZ) reported a net profit of 287.5 million yuan in the first three quarters of 2023, down 52.2% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, down 13.4% year-on-year.

At the end of the reporting period, it had 6.4 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 30.3%.