Sumec Corporation Limited’s Net Profit Rose 11.5% in First Three Quarters of 2023

Sumec Corporation Limited (苏美达股份有限公司) (600710.SH) reported a net profit of 2.4 billion yuan in the first three quarters of 2023, up 11.5% year-on-year.

Meanwhile, the company posted 96.1 billion yuan in revenue, down 16.4% year-on-year.

At the end of the reporting period, it had 57.5 billion yuan in total assets and 43.6 billion yuan in total liabilities, with a liability-to-asset ratio of 75.8%.