Shandong Kaisheng New Materials Co.,Ltd.’s Net Profit Dropped 29.4% in First Three Quarters of 2023

Shandong Kaisheng New Materials Co.,Ltd. (山东凯盛新材料股份有限公司) (301069.SZ) reported a net profit of 133.3 million yuan in the first three quarters of 2023, down 29.4% year-on-year.

Meanwhile, the company posted 727.8 million yuan in revenue, down 4.3% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 303.3 million yuan in total liabilities, with a liability-to-asset ratio of 16.9%.