Wuxi Xinhongye Wire&Cable Co.,Ltd.’s Net Profit Rose 21.6% in First Three Quarters of 2023

Wuxi Xinhongye Wire&Cable Co.,Ltd. (无锡鑫宏业线缆科技股份有限公司) (301310.SZ) reported a net profit of 119.8 million yuan in the first three quarters of 2023, up 21.6% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, up 12.1% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 39.8%.