Shanxi Lanhua Sci-Tech Venture Co.,Ltd.’s Net Profit Dropped 34% in First Three Quarters of 2023

Shanxi Lanhua Sci-Tech Venture Co.,Ltd. (山西兰花科技创业股份有限公司) (600123.SH) reported a net profit of 1.9 billion yuan in the first three quarters of 2023, down 34% year-on-year.

Meanwhile, the company posted 9.6 billion yuan in revenue, down 16.1% year-on-year.

At the end of the reporting period, it had 32.4 billion yuan in total assets and 16 billion yuan in total liabilities, with a liability-to-asset ratio of 49.5%.