Shanghai Yongli Belting Co.,Ltd.’s Net Profit Dropped 9.5% in First Three Quarters of 2023

Shanghai Yongli Belting Co.,Ltd. (上海永利带业股份有限公司) (300230.SZ) reported a net profit of 187 million yuan in the first three quarters of 2023, down 9.5% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 9.6% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 27.1%.