Shanghai Qifan Cable Co.,Ltd.’s Net Profit Rose 31.1% in First Three Quarters of 2023

Shanghai Qifan Cable Co.,Ltd. (上海起帆电缆股份有限公司) (605222.SH) reported a net profit of 406 million yuan in the first three quarters of 2023, up 31.1% year-on-year.

Meanwhile, the company posted 16.9 billion yuan in revenue, up 15.8% year-on-year.

At the end of the reporting period, it had 13.7 billion yuan in total assets and 9 billion yuan in total liabilities, with a liability-to-asset ratio of 66.2%.