Nantong Haixing Electronics Co.,Ltd.’s Net Profit Dropped 61.7% in First Three Quarters of 2023

Nantong Haixing Electronics Co.,Ltd. (南通海星电子股份有限公司) (603115.SH) reported a net profit of 71.7 million yuan in the first three quarters of 2023, down 61.7% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, up 2.6% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 410 million yuan in total liabilities, with a liability-to-asset ratio of 17.5%.