Jiangsu Rainbow Heavy Industries Co.,Ltd.’s Net Profit Rose 53.5% in First Three Quarters of 2023

Jiangsu Rainbow Heavy Industries Co.,Ltd. (江苏润邦重工股份有限公司) (002483.SZ) reported a net profit of 283.8 million yuan in the first three quarters of 2023, up 53.5% year-on-year.

Meanwhile, the company posted 5 billion yuan in revenue, up 70.1% year-on-year.

At the end of the reporting period, it had 11.6 billion yuan in total assets and 7.2 billion yuan in total liabilities, with a liability-to-asset ratio of 62.5%.