Norinco International Cooperation Ltd.’s Net Profit Rose 21% in First Three Quarters of 2023

Norinco International Cooperation Ltd. (北方国际合作股份有限公司) (000065.SZ) reported a net profit of 753 million yuan in the first three quarters of 2023, up 21% year-on-year.

Meanwhile, the company posted 14.6 billion yuan in revenue, up 59.1% year-on-year.

At the end of the reporting period, it had 21.7 billion yuan in total assets and 12.6 billion yuan in total liabilities, with a liability-to-asset ratio of 57.9%.