Shandong Swan Cotton Industrial Machinery Stock Co.,Ltd.’s Net Profit Rose 200.6% in First Three Quarters of 2023

Shandong Swan Cotton Industrial Machinery Stock Co.,Ltd. (山东天鹅棉业机械股份有限公司) (603029.SH) reported a net profit of 38.3 million yuan in the first three quarters of 2023, up 200.6% year-on-year.

Meanwhile, the company posted 425.5 million yuan in revenue, up 52.5% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 66.2%.