Shanghai Karon Eco-Valve Manufacturing Co.,Ltd.’s Net Profit Dropped 26.3% in First Three Quarters of 2023

Shanghai Karon Eco-Valve Manufacturing Co.,Ltd. (上海冠龙阀门节能设备股份有限公司) (301151.SZ) reported a net profit of 58.5 million yuan in the first three quarters of 2023, down 26.3% year-on-year.

Meanwhile, the company posted 663.6 million yuan in revenue, up 4.4% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 688.2 million yuan in total liabilities, with a liability-to-asset ratio of 25.3%.