Xinjiang Guannong Co.,Ltd. Posted 758.9 Million Yuan Net Profit in First Three Quarters of 2023

Xinjiang Guannong Co.,Ltd. (新疆冠农股份有限公司) (600251.SH) reported a net profit of 758.9 million yuan in the first three quarters of 2023, reversing a net loss of 72.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.4 billion yuan in revenue, up 83.7% year-on-year.

At the end of the reporting period, it had 6.3 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 37.9%.