Suzhou Wanxiang Technology Co.,Ltd.’s Net Profit Dropped 80.8% in First Three Quarters of 2023

Suzhou Wanxiang Technology Co.,Ltd. (苏州万祥科技股份有限公司) (301180.SZ) reported a net profit of 32.6 million yuan in the first three quarters of 2023, down 80.8% year-on-year.

Meanwhile, the company posted 648.2 million yuan in revenue, down 30.7% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 307.1 million yuan in total liabilities, with a liability-to-asset ratio of 18.8%.