Kangda New Materials(Group) Co.,Ltd. Posted 31.6 Million Yuan Net Profit in First Three Quarters of 2023

Kangda New Materials(Group) Co.,Ltd. (康达新材料(集团)股份有限公司) (002669.SZ) reported a net profit of 31.6 million yuan in the first three quarters of 2023, reversing a net loss of 32 million yuan for the same period in the previous year.

Meanwhile, the company posted 2 billion yuan in revenue, up 21.8% year-on-year.

At the end of the reporting period, it had 6.5 billion yuan in total assets and 3.3 billion yuan in total liabilities, with a liability-to-asset ratio of 50.9%.