Long Young Electronic(Kunshan) Co.,Ltd.’s Net Profit Dropped 40.3% in First Three Quarters of 2023

Long Young Electronic(Kunshan) Co.,Ltd. (隆扬电子(昆山)股份有限公司) (301389.SZ) reported a net profit of 79.8 million yuan in the first three quarters of 2023, down 40.3% year-on-year.

Meanwhile, the company posted 198 million yuan in revenue, down 34% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 69.5 million yuan in total liabilities, with a liability-to-asset ratio of 3.1%.