Nan Tong Acetic Acid Co.,Ltd.’s Net Profit Dropped 79.8% in First Three Quarters of 2023

Nan Tong Acetic Acid Co.,Ltd. (南通醋酸化工股份有限公司) (603968.SH) reported a net profit of 65.2 million yuan in the first three quarters of 2023, down 79.8% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, down 12.8% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 42.2%.