Shenzhen Gongjin Electronics Co.,Ltd.’s Net Profit Dropped 51.7% in First Three Quarters of 2023

Shenzhen Gongjin Electronics Co.,Ltd. (深圳市共进电子股份有限公司) (603118.SH) reported a net profit of 169.3 million yuan in the first three quarters of 2023, down 51.7% year-on-year.

Meanwhile, the company posted 6.7 billion yuan in revenue, down 17.5% year-on-year.

At the end of the reporting period, it had 10.7 billion yuan in total assets and 5.4 billion yuan in total liabilities, with a liability-to-asset ratio of 50.6%.