Kunlun Tech Co.,Ltd.’s Net Profit Dropped 47% in First Three Quarters of 2023

Kunlun Tech Co.,Ltd. (昆仑万维科技股份有限公司) (300418.SZ) reported a net profit of 438.9 million yuan in the first three quarters of 2023, down 47% year-on-year.

Meanwhile, the company posted 3.7 billion yuan in revenue, up 8.3% year-on-year.

At the end of the reporting period, it had 19.9 billion yuan in total assets and 3.3 billion yuan in total liabilities, with a liability-to-asset ratio of 16.5%.