Letong Chemical Co.,Ltd. Posted 2.2 Million Yuan Net Profit in First Three Quarters of 2023

Letong Chemical Co.,Ltd. (珠海市乐通化工股份有限公司) (002319.SZ) reported a net profit of 2.2 million yuan in the first three quarters of 2023, reversing a net loss of 16 million yuan for the same period in the previous year.

Meanwhile, the company posted 295 million yuan in revenue, down 4% year-on-year.

At the end of the reporting period, it had 625.3 million yuan in total assets and 547.4 million yuan in total liabilities, with a liability-to-asset ratio of 87.5%.