Lanzhou Ls Heavy Equipment Co.,Ltd.’s Net Profit Dropped 12.2% in First Three Quarters of 2023

Lanzhou Ls Heavy Equipment Co.,Ltd. (兰州兰石重型装备股份有限公司) (603169.SH) reported a net profit of 133.1 million yuan in the first three quarters of 2023, down 12.2% year-on-year.

Meanwhile, the company posted 3.1 billion yuan in revenue, up 1.4% year-on-year.

At the end of the reporting period, it had 13.2 billion yuan in total assets and 9.7 billion yuan in total liabilities, with a liability-to-asset ratio of 73.6%.