Shandong Mining Machinery Group Co.,Ltd.’s Net Profit Rose 46.9% in First Three Quarters of 2023

Shandong Mining Machinery Group Co.,Ltd. (山东矿机集团股份有限公司) (002526.SZ) reported a net profit of 210.9 million yuan in the first three quarters of 2023, up 46.9% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, up 16.1% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 37%.