Yantai Longyuan Power Technology Co.,Ltd.’s Net Profit Dropped 76.2% in First Three Quarters of 2023

Yantai Longyuan Power Technology Co.,Ltd. (烟台龙源电力技术股份有限公司) (300105.SZ) reported a net profit of 17 million yuan in the first three quarters of 2023, down 76.2% year-on-year.

Meanwhile, the company posted 614.3 million yuan in revenue, up 81.7% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 745.6 million yuan in total liabilities, with a liability-to-asset ratio of 29.1%.