Shenzhen Kaifa Technology Co.,Ltd.’s Net Profit Dropped 2.9% in First Three Quarters of 2023

Shenzhen Kaifa Technology Co.,Ltd. (深圳长城开发科技股份有限公司) (000021.SZ) reported a net profit of 564.1 million yuan in the first three quarters of 2023, down 2.9% year-on-year.

Meanwhile, the company posted 11 billion yuan in revenue, down 8.7% year-on-year.

At the end of the reporting period, it had 26.8 billion yuan in total assets and 14.2 billion yuan in total liabilities, with a liability-to-asset ratio of 53%.