Shandong Hongyu Agricultural Machinery Co.,Ltd.’s Net Profit Dropped 1.3% in First Three Quarters of 2023

Shandong Hongyu Agricultural Machinery Co.,Ltd. (山东弘宇农机股份有限公司) (002890.SZ) reported a net profit of 15.6 million yuan in the first three quarters of 2023, down 1.3% year-on-year.

Meanwhile, the company posted 284.3 million yuan in revenue, down 8.2% year-on-year.

At the end of the reporting period, it had 739.5 million yuan in total assets and 155.5 million yuan in total liabilities, with a liability-to-asset ratio of 21%.