Ocean'S King Lighting Science&Technology Co.,Ltd.’s Net Profit Dropped 12.7% in First Three Quarters of 2023

Ocean"S King Lighting Science&Technology Co.,Ltd. (海洋王照明科技股份有限公司) (002724.SZ) reported a net profit of 90.9 million yuan in the first three quarters of 2023, down 12.7% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 5.7% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 635.9 million yuan in total liabilities, with a liability-to-asset ratio of 16.6%.