Sinosteel Luonai Materials Technology Co.,Ltd.’s Net Profit Dropped 55.6% in First Three Quarters of 2023

Sinosteel Luonai Materials Technology Co.,Ltd. (中钢洛耐科技股份有限公司) (688119.SH) reported a net profit of 87.8 million yuan in the first three quarters of 2023, down 55.6% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, down 8.2% year-on-year.

At the end of the reporting period, it had 5.7 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 45.3%.