Shantou Wanshun New Material Group Co.,Ltd.’s Net Profit Dropped 91.4% in First Three Quarters of 2023

Shantou Wanshun New Material Group Co.,Ltd. (汕头万顺新材集团股份有限公司) (300057.SZ) reported a net profit of 13.9 million yuan in the first three quarters of 2023, down 91.4% year-on-year.

Meanwhile, the company posted 3.9 billion yuan in revenue, down 10% year-on-year.

At the end of the reporting period, it had 9.9 billion yuan in total assets and 4.4 billion yuan in total liabilities, with a liability-to-asset ratio of 44.3%.