Luoyang Xinqianglian Slewing Bearing Co.,Ltd.’s Net Profit Rose 3.5% in First Three Quarters of 2023

Luoyang Xinqianglian Slewing Bearing Co.,Ltd. (洛阳新强联回转支承股份有限公司) (300850.SZ) reported a net profit of 355 million yuan in the first three quarters of 2023, up 3.5% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, up 7.1% year-on-year.

At the end of the reporting period, it had 9.6 billion yuan in total assets and 4.8 billion yuan in total liabilities, with a liability-to-asset ratio of 49.9%.