Nanjing Kangni Mechanical&Electrical Co.,Ltd.’s Net Profit Rose 6% in First Three Quarters of 2023

Nanjing Kangni Mechanical&Electrical Co.,Ltd. (南京康尼机电股份有限公司) (603111.SH) reported a net profit of 197 million yuan in the first three quarters of 2023, up 6% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, up 1.1% year-on-year.

At the end of the reporting period, it had 5.9 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 33%.