Ningbo Ronbay New Energy Technology Co.,Ltd.’s Net Profit Dropped 29.9% in First Three Quarters of 2023

Ningbo Ronbay New Energy Technology Co.,Ltd. (宁波容百新能源科技股份有限公司) (688005.SH) reported a net profit of 644.5 million yuan in the first three quarters of 2023, down 29.9% year-on-year.

Meanwhile, the company posted 18.6 billion yuan in revenue, down 3.7% year-on-year.

At the end of the reporting period, it had 24.8 billion yuan in total assets and 14.4 billion yuan in total liabilities, with a liability-to-asset ratio of 58.1%.